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| Provider | Service type | Compensation |
|---|---|---|
NICOLET NATIONAL BANK4 years Service code 21 111 NORTH WASHINGTON STREET · GREEN BAY, WI 54301 | Bank Trustee | $80,034 |
ALERUS FINANCIAL, N.A.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $738 |
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 | $208,739 | $52,961+294.1% | $172,752+20.8% | $65,185+220.2% |
| Participation rate | 100.0% | 66.2%+33.8pp | 82.6%+17.4pp | 70.2%+29.8pp |
| Annual return | 23.99% | 30.12%-6.1pp | 802.97%-779.0pp | 29.38%-5.4pp |
| Employer contribution / active EE | $9,560 | $2,190+336.5% | $5,144+85.9% | $2,177+339.2% |
| Participant deferral / active EE | $7,425 | $2,471+200.5% | $5,198+42.9% | $3,514+111.3% |
| Admin fee / account holder | $481 | $472+1.9% | $13,955-96.6% | $847-43.2% |