Filed July 21, 2022
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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Filed as: ALERUS Service code 15 · EIN 45-0375407 | Recordkeeping | $44,174 |
CROWE LLP2+ years Filed as: CROWE HORWATH LLP Service code 15 · EIN 35-0921680 | Recordkeeping | $17,800 |
REDPATH AND COMPANY2+ years Filed as: REDPATH COMPANY, LTD Service code 10 · EIN 41-0975573 | Accounting | $10,000 |
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 | $44,959 | $80,177-43.9% | $123,894-63.7% | $57,661-22.0% |
| Participation rate | 93.2% | 74.4%+18.8pp | 81.4%+11.8pp | 70.2%+23.0pp |
| Annual return | 8.44% | 17.90%-9.5pp | 47.52%-39.1pp | 5.13%+3.3pp |
| Employer contribution / active EE | $2,187 | $2,913-24.9% | $4,617-52.6% | $1,974+10.8% |
| Participant deferral / active EE | $5,477 | $5,130+6.8% | $5,984-8.5% | $3,061+79.0% |
| Admin fee / account holder | $67 | $106-37.2% | $8,357-99.2% | $95-29.4% |