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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.9 years Service code 15 · EIN 45-6062081 | Recordkeeping | $19,130 |
CHARLES SCHWAB & CO., INC.10+ years Service code 19 · EIN 94-1737782 | Securities Custodian | $0 |
CHARLES SCHWAB & CO., INC.6 years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009 | Securities Custodian | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,259 | $55,472-41.8% | $155,567-79.3% | $74,546-56.7% |
| Participation rate | 37.4% | 61.9%-24.5pp | 78.2%-40.8pp | 67.2%-29.8pp |
| Annual return | 13.93% | 268.72%-254.8pp | 64.74%-50.8pp | 1366.03%-1352.1pp |
| Employer contribution / active EE | $388 | $2,269-82.9% | $4,674-91.7% | $2,624-85.2% |
| Participant deferral / active EE | $1,776 | $2,838-37.4% | $5,628-68.5% | $4,347-59.2% |
| Admin fee / account holder | $191 | $1,743-89.0% | $15,916-98.8% | $1,944-90.2% |