Filed March 7, 2018
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| Provider | Service type | Compensation |
|---|---|---|
INTERACTIVE RETIREMENT SYSTEMS1+ years Service code 15 · EIN 41-1632187 | Recordkeeping | $870 |
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $258 |
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB & CO, INC. Service code 19 · EIN 94-1737782 | Securities Custodian | $0 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $110,734 | $46,360+138.9% | $147,618-25.0% | $52,331+111.6% |
| Participation rate | 91.0% | 64.9%+26.0pp | 84.6%+6.4pp | 68.1%+22.9pp |
| Annual return | 0.02% | 1.62%-1.6pp | 61.98%-62.0pp | 4.54%-4.5pp |
| Employer contribution / active EE | $1,231 | $2,126-42.1% | $5,565-77.9% | $1,882-34.6% |
| Participant deferral / active EE | $4,726 | $2,258+109.4% | $4,895-3.5% | $3,022+56.4% |
| Admin fee / account holder | $7 | $766-99.1% | $11,612-99.9% | $592-98.9% |