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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $67,807 |
HAYS COMPANIES2+ years Service code 27 · EIN 41-1784898 | Advisory (Plan) | $58,481 |
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 | $39,105 | $85,635-54.3% | $123,894-68.4% | $63,975-38.9% |
| Participation rate | 74.1% | 74.9%-0.8pp | 81.4%-7.3pp | 71.1%+3.0pp |
| Annual return | 9.18% | 15.74%-6.6pp | 47.52%-38.3pp | 48.65%-39.5pp |
| Employer contribution / active EE | $864 | $3,076-71.9% | $4,617-81.3% | $2,182-60.4% |
| Participant deferral / active EE | $5,501 | $5,667-2.9% | $5,984-8.1% | $3,356+63.9% |
| Admin fee / account holder | $132 | $75+76.7% | $8,357-98.4% | $70+88.0% |