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| Provider | Service type | Compensation |
|---|---|---|
BAM ADVISOR SERVICES8 years Filed as: BAM ADVISOR SERVICES, LLC Service code 26 · EIN 16-1728260 | Advisory (Participants) | $85,376 |
ALERUS FINANCIAL, N.A.8 years Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-6062081 | Recordkeeping | $42,942 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $149,366 | $106,247+40.6% | $147,096+1.5% | $77,714+92.2% |
| Participation rate | 93.6% | 78.4%+15.2pp | 82.2%+11.4pp | 70.6%+23.0pp |
| Annual return | 17.43% | 56.87%-39.4pp | 419.75%-402.3pp | 31.26%-13.8pp |
| Employer contribution / active EE | $6,960 | $4,069+71.0% | $4,936+41.0% | $2,727+155.2% |
| Participant deferral / active EE | $9,086 | $7,996+13.6% | $8,071+12.6% | $4,649+95.4% |
| Admin fee / account holder | $241 | $338-28.7% | $13,005-98.1% | $433-44.4% |