Filed December 13, 2021 (most recent of 14 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL FINANCIAL GROUP Service code 15 · EIN 42-0127290 | Recordkeeping | $112,948 |
ALERUS FINANCIAL, N.A.5+ years Filed as: ALERUS Service code 25 · EIN 45-0375407 | Directed Trustee | $105,864 |
GRANT THORNTON LLP5+ years Filed as: GRANT THORNTON Service code 10 · EIN 33-6055558 | Accounting | $15,000 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $186,855 | $82,783+125.7% | $133,982+39.5% | $90,274+107.0% |
| Participation rate | 99.7% | 81.3%+18.4pp | 79.8%+19.9pp | 73.4%+26.4pp |
| Annual return | -19.94% | 21.89%-41.8pp | 45.10%-65.0pp | 53.97%-73.9pp |
| Employer contribution / active EE | $11,870 | $2,388+397.0% | $3,919+202.9% | $2,523+370.4% |
| Participant deferral / active EE | $0 | $4,291-100.0% | $5,047-100.0% | $4,231-100.0% |
| Admin fee / account holder | $82 | $93-12.1% | $8,930-99.1% | $114-28.5% |