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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.9 years Service code 15 · EIN 45-6062081 | Recordkeeping | $49,687 |
Filed as: INTELLICENTS INC Service code 26 · EIN 41-1471080 | Advisory (Participants) | $34,128 |
CHARLES SCHWAB & CO., INC.10+ years Service code 19 · EIN 94-1737782 | Securities Custodian | $6,198 |
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 42-1558009 | Securities Custodian | $0 |
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,211 | $55,457-2.2% | $76,119-28.8% | $77,736-30.3% |
| Participation rate | 71.5% | 63.6%+7.9pp | 69.1%+2.4pp | 70.6%+0.9pp |
| Annual return | 13.11% | 17.09%-4.0pp | 361.25%-348.1pp | 31.26%-18.1pp |
| Employer contribution / active EE | $1,405 | $1,792-21.6% | $2,693-47.8% | $2,728-48.5% |
| Participant deferral / active EE | $2,496 | $3,454-27.7% | $4,259-41.4% | $4,651-46.3% |
| Admin fee / account holder | $150 | $411-63.5% | $6,421-97.7% | $433-65.4% |