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| Provider | Service type | Compensation |
|---|---|---|
GRANT THORNTON LLP1 year Service code 10 · EIN 36-6055558 | Accounting | $12,845 |
RBC WEALTH MANAGEMENT1 year Service code 26 · EIN 41-1416330 | Advisory (Participants) | $10,500 |
ALERUS FINANCIAL, N.A.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $8,664 |
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 | $93,000 | $63,314+46.9% | $91,004+2.2% | $62,293+49.3% |
| Participation rate | 89.9% | 73.3%+16.6pp | 75.6%+14.3pp | 69.5%+20.4pp |
| Annual return | 20.75% | 21.00%-0.2pp | 4.60%+16.2pp | 28.90%-8.1pp |
| Employer contribution / active EE | $634 | $1,807-64.9% | $2,456-74.2% | $2,042-69.0% |
| Participant deferral / active EE | $5,420 | $2,944+84.1% | $3,548+52.8% | $3,169+71.0% |
| Admin fee / account holder | $114 | $468-75.7% | $5,417-97.9% | $479-76.3% |