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| Provider | Service type | Compensation |
|---|---|---|
RBC WEALTH MANAGEMENT8 years Service code 26 · EIN 41-1416330 | Advisory (Participants) | $38,500 |
ALERUS FINANCIAL, N.A.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $30,398 |
LURIE, LLP6 years Filed as: LB CARLSON LLP Service code 10 · EIN 41-1504933 | Accounting | $14,125 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $110,480 | $78,636+40.5% | $105,607+4.6% | $74,459+48.4% |
| Participation rate | 97.2% | 72.8%+24.4pp | 75.3%+21.9pp | 67.2%+30.0pp |
| Annual return | 16.08% | 15.96%+0.1pp | 116.11%-100.0pp | 1369.70%-1353.6pp |
| Employer contribution / active EE | $735 | $2,523-70.9% | $3,167-76.8% | $2,626-72.0% |
| Participant deferral / active EE | $6,738 | $4,322+55.9% | $5,011+34.5% | $4,350+54.9% |
| Admin fee / account holder | $367 | $2,220-83.4% | $10,958-96.6% | $1,945-81.1% |