Filed March 7, 2018
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| Provider | Service type | Compensation |
|---|---|---|
ISC ADVISORS INC1 year Filed as: ISC FINANCIAL ADVISORS Service code 26 7760 FRANCE AVENUE SOUTH, SUITE 270 · MINNEAPOLIS, MN 55435 | Advisory (Participants) | $12,434 |
ALERUS FINANCIAL, N.A.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $571 |
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 | $96,403 | $55,453+73.8% | $170,439-43.4% | $62,293+54.8% |
| Participation rate | 94.3% | 66.4%+28.0pp | 83.6%+10.7pp | 69.5%+24.8pp |
| Annual return | 16.56% | 21.38%-4.8pp | 205.94%-189.4pp | 28.90%-12.3pp |
| Employer contribution / active EE | $2,939 | $2,164+35.8% | $5,433-45.9% | $2,042+43.9% |
| Participant deferral / active EE | $3,922 | $2,303+70.3% | $4,939-20.6% | $3,169+23.8% |
| Admin fee / account holder | $74 | $455-83.8% | $13,881-99.5% | $479-84.6% |