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| Provider | Service type | Compensation |
|---|---|---|
BOYUM & BARENSCHEER PLLP1 year Filed as: BOYUM BARENSCHE Service code 10 3050 METRO DRIVE, SUITE 200 · BLOOMINGTON, MN 55425 | Accounting | $12,700 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,941 | $50,902-33.3% | $155,534-78.2% | $77,736-56.3% |
| Participation rate | 22.2% | 63.1%-40.9pp | 78.2%-56.0pp | 70.6%-48.4pp |
| Annual return | 13.67% | 34.85%-21.2pp | 64.92%-51.2pp | 31.26%-17.6pp |
| Employer contribution / active EE | $107 | $1,991-94.6% | $4,675-97.7% | $2,728-96.1% |
| Participant deferral / active EE | $1,134 | $2,824-59.9% | $5,630-79.9% | $4,651-75.6% |
| Admin fee / account holder | $441 | $437+1.0% | $15,900-97.2% | $433+1.9% |