Filed February 14, 2020
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $56,090 |
CLIFTONLARSONALLEN LLP5 years Filed as: CLIFTONLARSONALLEN, LLP Service code 10 · EIN 41-0746749 | Accounting | $14,805 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $77,618 | $91,695-15.4% | $67,575+14.9% | $77,736-0.2% |
| Participation rate | 61.9% | 76.0%-14.1pp | 72.9%-11.0pp | 70.6%-8.7pp |
| Annual return | 16.89% | 14.88%+2.0pp | 3528.98%-3512.1pp | 31.26%-14.4pp |
| Employer contribution / active EE | $1,351 | $3,189-57.6% | $2,736-50.6% | $2,728-50.5% |
| Participant deferral / active EE | $3,882 | $3,912-0.8% | $4,003-3.0% | $4,651-16.5% |
| Admin fee / account holder | $253 | $245+3.2% | $3,993-93.7% | $433-41.7% |