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| Provider | Service type | Compensation |
|---|---|---|
Filed as: KESTRA ADVISORY SERVICES, LLC Service code 15 5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735 | Recordkeeping | $32,126 |
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS FINANCIAL Service code 15 TWO PINE TREE DRIVE, SUITE 310 · ARDEN HILLS, MN 55112 | Recordkeeping | $6,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $85,969 | $84,493+1.7% | $125,381-31.4% | $66,938+28.4% |
| Participation rate | 65.3% | 76.4%-11.1pp | 82.4%-17.1pp | 69.8%-4.5pp |
| Annual return | -17.21% | -8.49%-8.7pp | 572.31%-589.5pp | 1.58%-18.8pp |
| Employer contribution / active EE | $2,429 | $3,554-31.6% | $4,815-49.5% | $2,545-4.6% |
| Participant deferral / active EE | $5,533 | $6,783-18.4% | $7,448-25.7% | $4,238+30.5% |
| Admin fee / account holder | $317 | $685-53.7% | $10,007-96.8% | $594-46.6% |