Filed December 13, 2021 (most recent of 14 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2 years Filed as: ALERUS FINANCIAL Service code 25 · EIN 45-0140105 | Directed Trustee | $120,000 |
Filed as: PRINCIPAL FINANCIAL GROUP Service code 15 · EIN 42-0127290 | Recordkeeping | $117,649 |
GRANT THORNTON LLP1 year Filed as: GRANT THORNTON OOP Service code 10 · EIN 33-6055558 | Accounting | $14,500 |
Assets per participant exceed $250,000 - top-decile high-value plan.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $322,656 | $84,000+284.1% | $119,609+169.8% | $77,904+314.2% |
| Participation rate | 99.4% | 77.8%+21.6pp | 79.3%+20.2pp | 73.7%+25.7pp |
| Annual return | 33.34% | -11.59%+44.9pp | -14.97%+48.3pp | 12.21%+21.1pp |
| Employer contribution / active EE | $17,650 | $2,907+507.1% | $4,232+317.1% | $2,848+519.8% |
| Participant deferral / active EE | $0 | $4,705-100.0% | $5,602-100.0% | $4,806-100.0% |
| Admin fee / account holder | $100 | $116-13.9% | $10,323-99.0% | $133-24.8% |