Filed July 21, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL Service code 15 · EIN 42-0127290 | Recordkeeping | $49,427 |
ALERUS FINANCIAL, N.A.4 years Filed as: ALERUS Service code 25 · EIN 45-0375407 | Directed Trustee | $26,627 |
SAUL EWING1 year Service code 29 · EIN 23-1416352 | Legal | $16,985 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $60,894 | $100,801-39.6% | $149,751-59.3% | $73,415-17.1% |
| Participation rate | 97.9% | 77.7%+20.3pp | 82.5%+15.5pp | 72.2%+25.8pp |
| Annual return | 4.63% | 265.34%-260.7pp | 276.71%-272.1pp | 59.30%-54.7pp |
| Employer contribution / active EE | $6,261 | $3,312+89.1% | $4,646+34.8% | $2,234+180.3% |
| Participant deferral / active EE | $0 | $6,404-100.0% | $6,843-100.0% | $3,806-100.0% |
| Admin fee / account holder | $75 | $181-58.7% | $9,312-99.2% | $158-52.7% |