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| Provider | Service type | Compensation |
|---|---|---|
NICOLET NATIONAL BANK5 years Service code 21 111 NORTH WASHINGTON STREET · GREEN BAY, WI 54301 | Bank Trustee | $83,671 |
ALERUS FINANCIAL, N.A.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $1,060 |
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 | $238,524 | $58,888+305.0% | $178,499+33.6% | $73,493+224.6% |
| Participation rate | 100.0% | 66.2%+33.8pp | 81.9%+18.1pp | 70.7%+29.3pp |
| Annual return | 18.54% | 24.86%-6.3pp | 151.10%-132.6pp | 28.51%-10.0pp |
| Employer contribution / active EE | $7,683 | $2,236+243.6% | $5,011+53.3% | $2,270+238.5% |
| Participant deferral / active EE | $7,503 | $2,568+192.2% | $5,202+44.2% | $3,740+100.6% |
| Admin fee / account holder | $473 | $400+18.2% | $13,986-96.6% | $513-7.7% |