Filed January 5, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 16-1503696 | Recordkeeping | $66,835 |
Service code 27 8414 14TH AVE S · BLOOMINGTON, MN 55425 | Advisory (Plan) | $18,245 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $104,162 | $122,042-14.7% | $184,243-43.5% | $74,429+39.9% |
| Participation rate | 98.1% | 85.5%+12.6pp | 86.8%+11.3pp | 67.2%+30.9pp |
| Annual return | 16.75% | 19.91%-3.2pp | 28.82%-12.1pp | 1368.38%-1351.6pp |
| Employer contribution / active EE | $3,005 | $4,538-33.8% | $6,427-53.2% | $2,625+14.5% |
| Participant deferral / active EE | $5,861 | $7,143-17.9% | $9,132-35.8% | $4,348+34.8% |
| Admin fee / account holder | $369 | $1,252-70.5% | $13,914-97.3% | $1,944-81.0% |