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| Provider | Service type | Compensation |
|---|---|---|
BAM ADVISOR SERVICES1 year Service code 26 · EIN 20-8307105 | Advisory (Participants) | $59,952 |
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $9,136 |
Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 92-3967259 | Securities Custodian | $1,846 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $146,373 | $91,439+60.1% | $135,974+7.6% | $71,511+104.7% |
| Participation rate | 93.6% | 75.7%+18.0pp | 81.9%+11.7pp | 67.9%+25.7pp |
| Annual return | 16.85% | 29.90%-13.0pp | 68.30%-51.5pp | 28.86%-12.0pp |
| Employer contribution / active EE | $2,962 | $3,705-20.1% | $4,859-39.0% | $2,589+14.4% |
| Participant deferral / active EE | $9,092 | $7,093+28.2% | $7,760+17.2% | $4,291+111.9% |
| Admin fee / account holder | $575 | $1,267-54.6% | $10,767-94.7% | $1,588-63.8% |