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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $69,133 |
HAYS COMPANIES1+ years Service code 27 · EIN 41-1784898 | Advisory (Plan) | $67,724 |
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 | $33,911 | $88,324-61.6% | $115,038-70.5% | $55,191-38.6% |
| Participation rate | 84.6% | 72.5%+12.0pp | 81.4%+3.2pp | 69.2%+15.4pp |
| Annual return | 4.80% | 6.30%-1.5pp | 26.14%-21.3pp | 10.78%-6.0pp |
| Employer contribution / active EE | $799 | $2,805-71.5% | $4,608-82.7% | $1,899-57.9% |
| Participant deferral / active EE | $5,708 | $5,042+13.2% | $6,026-5.3% | $3,046+87.4% |
| Admin fee / account holder | $147 | $105+39.7% | $8,175-98.2% | $91+62.2% |