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| Provider | Service type | Compensation |
|---|---|---|
RBC WEALTH MANAGEMENT4 years Service code 26 · EIN 41-1416330 | Advisory (Participants) | $42,000 |
ALERUS FINANCIAL, N.A.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $23,406 |
LURIE, LLP2 years Filed as: LB CARLSON LLP Service code 10 · EIN 41-1504933 | Accounting | $11,000 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $131,155 | $70,917+84.9% | $98,920+32.6% | $73,497+78.5% |
| Participation rate | 90.9% | 73.8%+17.0pp | 76.0%+14.8pp | 70.7%+20.2pp |
| Annual return | 16.86% | 34.18%-17.3pp | 196.47%-179.6pp | 28.51%-11.7pp |
| Employer contribution / active EE | $548 | $2,037-73.1% | $2,689-79.6% | $2,270-75.9% |
| Participant deferral / active EE | $4,813 | $3,501+37.5% | $4,245+13.4% | $3,740+28.7% |
| Admin fee / account holder | $335 | $535-37.3% | $6,643-95.0% | $513-34.7% |