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| Provider | Service type | Compensation |
|---|---|---|
BAM ADVISOR SERVICES7 years Filed as: BAM ADVISOR SERVICES, LLC Service code 26 · EIN 16-1728260 | Advisory (Participants) | $73,806 |
ALERUS FINANCIAL, N.A.7 years Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-6062081 | Recordkeeping | $38,472 |
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $126,975 | $95,417+33.1% | $135,974-6.6% | $74,460+70.5% |
| Participation rate | 92.9% | 78.2%+14.7pp | 81.9%+11.0pp | 70.7%+22.2pp |
| Annual return | 0.42% | 32.76%-32.3pp | 68.30%-67.9pp | 34.38%-34.0pp |
| Employer contribution / active EE | $6,353 | $3,878+63.8% | $4,859+30.7% | $2,638+140.8% |
| Participant deferral / active EE | $8,463 | $7,789+8.7% | $7,760+9.1% | $4,530+86.8% |
| Admin fee / account holder | $220 | $266-17.4% | $10,767-98.0% | $348-36.8% |