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| Provider | Service type | Compensation |
|---|---|---|
Filed as: WEALTH ENHANCEMENT ADVISORY Service code 26 505 HIGHWAY 169 N · PLYMOUTH, MN 554414723 | Advisory (Participants) | $18,891 |
COMMERCE BANK1 year Filed as: COMMERCE BANK FINANCIAL INSTITUTION Service code 26 7650 EDINBOROUGH WAY · EDINA, MN 55435 | Advisory (Participants) | $12,348 |
NEWPORT GROUP, INC.5 years Service code 12 · EIN 27-2037969 | Recordkeeping and information managem... | $9,584 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $68,511 | $26,549+158.1% | $61,501+11.4% | $66,949+2.3% |
| Participation rate | 39.1% | 38.1%+1.0pp | 52.6%-13.4pp | 69.8%-30.7pp |
| Annual return | -18.33% | -16.21%-2.1pp | 339.04%-357.4pp | 1.57%-19.9pp |
| Employer contribution / active EE | $982 | $651+50.8% | $1,160-15.3% | $2,545-61.4% |
| Participant deferral / active EE | $2,538 | $1,338+89.6% | $2,125+19.4% | $4,239-40.1% |
| Admin fee / account holder | $325 | $409-20.5% | $2,132-84.8% | $594-45.3% |