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| Provider | Service type | Compensation |
|---|---|---|
Service code 16 · EIN 81-3320514 | Consulting | $66,045 |
ALERUS FINANCIAL, N.A.8+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $33,212 |
SCHLENNER WENNER & CO.8+ years Service code 10 · EIN 41-1656121 | Accounting | $8,500 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,031 | $106,236-61.4% | $112,228-63.4% | $64,808-36.7% |
| Participation rate | 51.6% | 71.7%-20.1pp | 75.1%-23.5pp | 71.5%-19.9pp |
| Annual return | -17.90% | -6.02%-11.9pp | 27.45%-45.3pp | 32.82%-50.7pp |
| Employer contribution / active EE | $911 | $3,166-71.2% | $3,635-74.9% | $2,506-63.7% |
| Participant deferral / active EE | $2,047 | $3,785-45.9% | $4,728-56.7% | $4,310-52.5% |
| Admin fee / account holder | $469 | $452+3.7% | $6,410-92.7% | $188+149.5% |