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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $33,756 |
RBC WEALTH MANAGEMENT5+ years Service code 26 · EIN 41-1416330 | Advisory (Participants) | $29,775 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $107,433 | $73,404+46.4% | $87,103+23.3% | $67,582+59.0% |
| Participation rate | 88.2% | 80.9%+7.3pp | 76.9%+11.3pp | 71.3%+16.9pp |
| Annual return | 18.09% | 48.29%-30.2pp | 28.19%-10.1pp | 378.57%-360.5pp |
| Employer contribution / active EE | $1,763 | $2,014-12.5% | $2,521-30.1% | $2,148-17.9% |
| Participant deferral / active EE | $5,519 | $3,913+41.1% | $4,049+36.3% | $3,539+55.9% |
| Admin fee / account holder | $214 | $142+51.1% | $7,491-97.1% | $142+50.3% |