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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS FINANICAL, N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $74,536 |
Filed as: EPIC ADVISORS, INC. Service code 15 · EIN 16-1450952 | Recordkeeping | $120 |
Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
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 | $88,674 | $64,909+36.6% | $82,313+7.7% | $62,293+42.3% |
| Participation rate | 97.1% | 74.9%+22.2pp | 76.9%+20.2pp | 69.5%+27.6pp |
| Annual return | 14.20% | 21.18%-7.0pp | 25.88%-11.7pp | 28.90%-14.7pp |
| Employer contribution / active EE | $0 | $1,676-100.0% | $2,428-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $2,029 | $3,103-34.6% | $3,706-45.3% | $3,169-36.0% |
| Admin fee / account holder | $494 | $440+12.5% | $5,608-91.2% | $479+3.1% |