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| Provider | Service type | Compensation |
|---|---|---|
NICOLET NATIONAL BANK3 years Service code 21 111 NORTH WASHINGTON STREET · GREEN BAY, WI 54301 | Bank Trustee | $77,757 |
ALERUS FINANCIAL, N.A.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $1,255 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $170,370 | $47,977+255.1% | $154,111+10.6% | $56,287+202.7% |
| Participation rate | 100.0% | 66.2%+33.8pp | 83.0%+17.0pp | 69.9%+30.1pp |
| Annual return | -4.89% | 3.54%-8.4pp | 735.18%-740.1pp | -9.96%+5.1pp |
| Employer contribution / active EE | $9,383 | $2,169+332.7% | $5,298+77.1% | $2,111+344.5% |
| Participant deferral / active EE | $7,370 | $2,392+208.1% | $5,081+45.1% | $3,350+120.0% |
| Admin fee / account holder | $491 | $438+12.0% | $13,411-96.3% | $521-5.8% |