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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.7 years Service code 15 · EIN 45-6062081 | Recordkeeping | $8,955 |
Filed as: INTELLICENTS INC. Service code 26 · EIN 41-1471080 | Advisory (Participants) | $7,099 |
CHARLES SCHWAB & CO., INC.8+ years Service code 19 · EIN 94-1737782 | Securities Custodian | $0 |
CHARLES SCHWAB & CO., INC.4 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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,770 | $65,083-69.6% | $143,788-86.3% | $66,930-70.5% |
| Participation rate | 41.0% | 65.2%-24.2pp | 80.3%-39.3pp | 69.8%-28.8pp |
| Annual return | -17.27% | -11.13%-6.1pp | -0.03%-17.2pp | 1.57%-18.8pp |
| Employer contribution / active EE | $340 | $2,361-85.6% | $4,952-93.1% | $2,545-86.6% |
| Participant deferral / active EE | $1,642 | $2,920-43.8% | $5,638-70.9% | $4,238-61.3% |
| Admin fee / account holder | $143 | $502-71.5% | $14,675-99.0% | $593-75.8% |