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| Provider | Service type | Compensation |
|---|---|---|
BAM ADVISOR SERVICES3 years Filed as: BAM ADVISOR SERVICES, LLC Service code 26 · EIN 16-1728260 | Advisory (Participants) | $53,845 |
ALERUS FINANCIAL, N.A.3 years Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-6062081 | Recordkeeping | $28,153 |
Annual investment return is in the bottom quintile of the peer cohort.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $86,877 | $88,122-1.4% | $141,191-38.5% | $67,579+28.6% |
| Participation rate | 87.6% | 76.5%+11.1pp | 82.5%+5.1pp | 71.3%+16.3pp |
| Annual return | -0.05% | 75.40%-75.5pp | 71.41%-71.5pp | 378.56%-378.6pp |
| Employer contribution / active EE | $4,881 | $3,224+51.4% | $4,736+3.1% | $2,148+127.2% |
| Participant deferral / active EE | $6,180 | $5,958+3.7% | $6,710-7.9% | $3,539+74.6% |
| Admin fee / account holder | $189 | $131+44.0% | $10,264-98.2% | $142+32.5% |