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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $64,389 |
NICOLET NATIONAL BANK2 years Service code 26 · EIN 39-1990426 | Advisory (Participants) | $56,889 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $23,608 | $61,473-61.6% | $81,926-71.2% | $73,412-67.8% |
| Participation rate | 96.2% | 72.4%+23.8pp | 72.0%+24.2pp | 72.2%+24.0pp |
| Annual return | 26.24% | 28.26%-2.0pp | 29.49%-3.3pp | 59.30%-33.1pp |
| Employer contribution / active EE | $2,501 | $1,898+31.8% | $4,310-42.0% | $2,234+12.0% |
| Participant deferral / active EE | $4,395 | $3,080+42.7% | $7,108-38.2% | $3,806+15.5% |
| Admin fee / account holder | $160 | $125+27.2% | $5,159-96.9% | $158+1.1% |