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 | $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 | $2,703,213-86.4% | $165,100+122.7% | $200,096+83.7% |
| Participation rate | 99.4% | 78.4%+21.0pp | 78.6%+20.8pp | 72.0%+27.4pp |
| Annual return | 14.67% | 17.97%-3.3pp | 70.21%-55.5pp | 34.26%-19.6pp |
| Employer contribution / active EE | $14,703 | $2,973+394.6% | $4,348+238.1% | $3,038+384.0% |
| Participant deferral / active EE | $0 | $5,021-100.0% | $6,035-100.0% | $5,090-100.0% |
| Admin fee / account holder | $84 | $1,999-95.8% | $12,696-99.3% | $269-68.9% |