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| Provider | Service type | Compensation |
|---|---|---|
BREMER BANK NATIONAL ASSOCIATION2+ years Filed as: BREMER TRUST, N.A. Service code 21 · EIN 41-1565461 P.O. BOX 986 · ST. CLOUD, MN 563020986 | Bank Trustee | $39,689 |
CLIFTONLARSONALLEN LLP1+ years Service code 10 · EIN 41-0746749 P.O. BOX 86 · MINNEAPOLIS, MN 554862371 | Accounting | $10,221 |
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO. INC. Service code 33 | Securities brokerage | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $255,588 | $77,638+229.2% | $156,551+63.3% | $62,881+306.5% |
| Participation rate | 100.0% | 71.2%+28.8pp | 84.0%+16.0pp | 69.3%+30.7pp |
| Annual return | 6.58% | 50.33%-43.8pp | 32.23%-25.7pp | 20.14%-13.6pp |
| Employer contribution / active EE | $24,972 | $3,444+625.1% | $5,501+353.9% | $2,281+994.8% |
| Participant deferral / active EE | $15,633 | $3,046+413.3% | $4,871+220.9% | $3,203+388.1% |
| Admin fee / account holder | $396 | $5,561-92.9% | $13,028-97.0% | $4,296-90.8% |