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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $84,758 |
HAYS COMPANIES3+ years Service code 27 · EIN 41-1784898 | Advisory (Plan) | $74,871 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,166 | $96,458-50.1% | $136,298-64.7% | $77,958-38.2% |
| Participation rate | 69.9% | 75.4%-5.5pp | 81.9%-12.0pp | 71.6%-1.8pp |
| Annual return | 23.94% | 23.78%+0.2pp | 5156.27%-5132.3pp | 20.87%+3.1pp |
| Employer contribution / active EE | $847 | $3,144-73.1% | $4,696-82.0% | $2,310-63.3% |
| Participant deferral / active EE | $5,533 | $5,902-6.3% | $6,247-11.4% | $3,537+56.5% |
| Admin fee / account holder | $155 | $80+92.0% | $9,244-98.3% | $97+58.6% |