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| Provider | Service type | Compensation |
|---|---|---|
RBC WEALTH MANAGEMENT2 years Service code 26 · EIN 41-1416330 | Advisory (Participants) | $12,000 |
ALERUS FINANCIAL, N.A.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $11,168 |
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 | $90,946 | $58,093+56.6% | $80,022+13.7% | $56,289+61.6% |
| Participation rate | 87.7% | 73.6%+14.1pp | 75.8%+11.9pp | 69.9%+17.8pp |
| Annual return | -5.27% | 34.63%-39.9pp | 11.22%-16.5pp | -9.96%+4.7pp |
| Employer contribution / active EE | $604 | $1,933-68.7% | $2,468-75.5% | $2,111-71.4% |
| Participant deferral / active EE | $5,237 | $3,136+67.0% | $3,686+42.1% | $3,350+56.3% |
| Admin fee / account holder | $95 | $623-84.7% | $6,521-98.5% | $521-81.7% |