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| Provider | Service type | Compensation |
|---|---|---|
EXCEL WEALTH MANAGEMENT, LLC5 years Filed as: EXCEL FINANCIAL Service code 26 321 MAIN STREET · RED WING, MN 55066 | Advisory (Participants) | $26,384 |
ALERUS FINANCIAL, N.A.5 years Filed as: ALERUS FINANCIAL Service code 13 · EIN 45-0140105 | Contract Administrator | $3,601 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $96,510 | $86,940+11.0% | $102,434-5.8% | $80,935+19.2% |
| Participation rate | 100.0% | 72.4%+27.6pp | 76.5%+23.5pp | 67.7%+32.3pp |
| Annual return | 14.39% | 18.89%-4.5pp | 29.46%-15.1pp | 35.66%-21.3pp |
| Employer contribution / active EE | $3,328 | $2,370+40.5% | $3,023+10.1% | $2,757+20.7% |
| Participant deferral / active EE | $11,346 | $4,121+175.3% | $5,055+124.5% | $4,299+163.9% |
| Admin fee / account holder | $236 | $8,047-97.1% | $9,462-97.5% | $6,924-96.6% |