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 | $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 | $85,144+365.0% | $130,070+204.4% | $80,187+393.7% |
| Participation rate | 99.4% | 79.5%+19.9pp | 78.5%+20.9pp | 72.9%+26.5pp |
| Annual return | 36.82% | 23.78%+13.0pp | -137.40%+174.2pp | 40.40%-3.6pp |
| Employer contribution / active EE | $20,777 | $3,059+579.2% | $4,322+380.7% | $2,980+597.3% |
| Participant deferral / active EE | $0 | $4,992-100.0% | $5,821-100.0% | $5,016-100.0% |
| Admin fee / account holder | $92 | $392-76.5% | $10,600-99.1% | $145-36.6% |