Filed December 13, 2021 (most recent of 14 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRINCIPAL FINANCIAL GROUP Service code 15 · EIN 42-0127290 | Recordkeeping | $121,956 |
ALERUS FINANCIAL, N.A.3 years Filed as: ALERUS FINANCIAL Service code 25 · EIN 45-0375407 | Directed Trustee | $120,000 |
GRANT THORNTON LLP2 years Filed as: GRANT THORNTON OOP Service code 10 · EIN 33-6055558 | Accounting | $15,000 |
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 | $395,914 | $84,993+365.8% | $130,045+204.4% | $80,157+393.9% |
| Participation rate | 99.4% | 79.5%+19.9pp | 78.5%+20.9pp | 72.9%+26.5pp |
| Annual return | 36.82% | 23.76%+13.1pp | -137.30%+174.1pp | 40.39%-3.6pp |
| Employer contribution / active EE | $20,777 | $3,051+581.0% | $4,321+380.8% | $2,977+597.8% |
| Participant deferral / active EE | $0 | $4,984-100.0% | $5,820-100.0% | $5,015-100.0% |
| Admin fee / account holder | $92 | $391-76.5% | $10,600-99.1% | $145-36.6% |