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| Provider | Service type | Compensation |
|---|---|---|
Filed as: INTELLICENTS INC. Service code 26 · EIN 41-1471080 | Advisory (Participants) | $9,285 |
ALERUS FINANCIAL, N.A.4 years Service code 15 · EIN 45-6062081 | Recordkeeping | $850 |
CHARLES SCHWAB & CO., INC.5+ years Service code 19 · EIN 94-1737782 | Securities Custodian | $0 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $32,115 | $52,961-39.4% | $172,755-81.4% | $65,185-50.7% |
| Participation rate | 41.8% | 66.2%-24.4pp | 82.6%-40.8pp | 70.2%-28.4pp |
| Annual return | 23.58% | 30.12%-6.5pp | 802.94%-779.4pp | 29.38%-5.8pp |
| Employer contribution / active EE | $70 | $2,190-96.8% | $5,144-98.6% | $2,177-96.8% |
| Participant deferral / active EE | $1,306 | $2,471-47.1% | $5,198-74.9% | $3,514-62.8% |
| Admin fee / account holder | $175 | $472-63.0% | $13,955-98.7% | $847-79.4% |