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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Filed as: ALERUS FINANCIAL Service code 13 · EIN 45-6062081 15 BROADWAY · FARGO, ND 58102 | Contract Administrator | $29,471 |
BENEFITS OF MISSOURI, INC.1+ years Service code 19 · EIN 43-1344692 14323 SOUTH OUTER FORTY · CHESTERFIELD, MO 63017 | Securities Custodian | $22,406 |
BKD, LLP1+ years Service code 10 · EIN 44-0160260 211 N BROADWAY · ST. LOUIS, MO 63102 | Accounting | $4,368 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $9,467 | $54,281-82.6% | $60,547-84.4% | $59,188-84.0% |
| Participation rate | 45.3% | 66.8%-21.5pp | 68.0%-22.7pp | 69.4%-24.2pp |
| Annual return | -3.33% | 1.74%-5.1pp | 335.64%-339.0pp | 5.51%-8.8pp |
| Employer contribution / active EE | $656 | $2,031-67.7% | $2,419-72.9% | $2,098-68.7% |
| Participant deferral / active EE | $980 | $2,789-64.9% | $3,328-70.6% | $3,265-70.0% |
| Admin fee / account holder | $96 | $64+48.5% | $4,536-97.9% | $92+3.8% |