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| Provider | Service type | Compensation |
|---|---|---|
Filed as: AVANTAX RETIREMENT PLAN SERVICES Service code 15 · EIN 42-1447865 | Recordkeeping | $37,327 |
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $20,988 |
MARINER LLC1 year Filed as: MARINER, LLC Service code 26 · EIN 20-4553256 | Advisory (Participants) | $7,627 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $192,490 | $91,424+110.5% | $135,942+41.6% | $71,495+169.2% |
| Participation rate | 93.1% | 75.7%+17.4pp | 81.9%+11.2pp | 67.9%+25.1pp |
| Annual return | 14.27% | 29.90%-15.6pp | 68.28%-54.0pp | 28.85%-14.6pp |
| Employer contribution / active EE | $8,354 | $3,704+125.6% | $4,858+72.0% | $2,589+222.6% |
| Participant deferral / active EE | $11,446 | $7,092+61.4% | $7,759+47.5% | $4,291+166.7% |
| Admin fee / account holder | $485 | $1,266-61.7% | $10,764-95.5% | $1,588-69.5% |