Filed December 13, 2021 (most recent of 14 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $80,587 |
ALERUS FINANCIAL, N.A.1+ years Filed as: ALERUS Service code 21 · EIN 45-5052081 | Bank Trustee | $50,000 |
INDEPENDENT FINANCIAL PARTNERS1+ years Filed as: CHARTWELL Service code 34 · EIN 26-4038273 | Valuation (appraisals, etc.); Direct ... | $32,000 |
GRANT THORNTON LLP1+ years Filed as: GRANT THORNTON Service code 10 · EIN 36-6055558 | Accounting | $14,500 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $281,699 | $61,125+360.9% | $108,582+159.4% | $63,975+340.3% |
| Participation rate | 99.8% | 80.5%+19.3pp | 79.6%+20.3pp | 71.1%+28.7pp |
| Annual return | 2.58% | 14.06%-11.5pp | -51.70%+54.3pp | 48.65%-46.1pp |
| Employer contribution / active EE | $11,379 | $2,237+408.8% | $3,758+202.8% | $2,182+421.6% |
| Participant deferral / active EE | $0 | $3,574-100.0% | $4,311-100.0% | $3,356-100.0% |
| Admin fee / account holder | $91 | $72+26.8% | $7,645-98.8% | $70+29.6% |