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| Provider | Service type | Compensation |
|---|---|---|
BREMER BANK NATIONAL ASSOCIATION2+ years Filed as: BREMER TRUST, N.A. Service code 21 · EIN 41-1565461 P.O. BOX 986 · ST. CLOUD, MN 563020986 | Bank Trustee | $9,678 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $39,683 | $46,732-15.1% | $156,551-74.7% | $55,167-28.1% |
| Participation rate | 23.6% | 65.8%-42.2pp | 84.0%-60.4pp | 69.0%-45.4pp |
| Annual return | 6.80% | 17.72%-10.9pp | 32.23%-25.4pp | 169.23%-162.4pp |
| Employer contribution / active EE | $148 | $2,105-93.0% | $5,501-97.3% | $1,963-92.5% |
| Participant deferral / active EE | $653 | $2,204-70.4% | $4,871-86.6% | $3,054-78.6% |
| Admin fee / account holder | $165 | $418-60.6% | $13,028-98.7% | $504-67.3% |