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| Provider | Service type | Compensation |
|---|---|---|
BAM ADVISOR SERVICES4 years Filed as: BAM ADVISOR SERVICES, LLC Service code 26 · EIN 16-1728260 | Advisory (Participants) | $55,392 |
ALERUS FINANCIAL, N.A.4 years Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-6062081 | Recordkeeping | $30,480 |
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 | $85,866 | $100,801-14.8% | $149,745-42.7% | $73,412+17.0% |
| Participation rate | 89.6% | 77.7%+11.9pp | 82.5%+7.1pp | 72.2%+17.4pp |
| Annual return | 0.54% | 265.34%-264.8pp | 276.72%-276.2pp | 59.30%-58.8pp |
| Employer contribution / active EE | $1,743 | $3,312-47.4% | $4,646-62.5% | $2,234-22.0% |
| Participant deferral / active EE | $7,065 | $6,404+10.3% | $6,843+3.2% | $3,806+85.6% |
| Admin fee / account holder | $182 | $181+0.8% | $9,312-98.0% | $158+15.5% |