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 | $128,097 |
ALERUS FINANCIAL, N.A.4 years Filed as: ALERUS FINANCIAL Service code 25 · EIN 45-0375407 | Directed Trustee | $60,000 |
SUMMIT FIDUCIARY GROUP1 year Service code 25 · EIN 92-3858998 | Directed Trustee | $60,000 |
GRANT THORNTON LLP1 year Service code 10 · EIN 33-6055558 | Accounting | $20,000 |
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 | $367,622 | $2,687,218-86.3% | $164,975+122.8% | $199,921+83.9% |
| Participation rate | 99.4% | 78.3%+21.1pp | 78.6%+20.8pp | 72.0%+27.4pp |
| Annual return | 14.67% | 17.94%-3.3pp | 70.12%-55.4pp | 34.28%-19.6pp |
| Employer contribution / active EE | $14,703 | $2,958+397.0% | $4,343+238.6% | $3,035+384.4% |
| Participant deferral / active EE | $0 | $5,002-100.0% | $6,033-100.0% | $5,089-100.0% |
| Admin fee / account holder | $84 | $1,988-95.8% | $12,688-99.3% | $269-68.9% |