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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 46-6062081 | Recordkeeping | $2,326 |
BAIRD INSURANCE SERVICES INC1+ years Filed as: BAIRD WEALTH STRATEGY GROUP Service code 26 222 EAST CARRILLO ST #304 · SANTA BARBARA, CA 93101 | Advisory (Participants) | $2,047 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,121 | $59,328-18.9% | $118,946-59.5% | $73,493-34.5% |
| Participation rate | 36.3% | 62.3%-26.0pp | 75.4%-39.1pp | 70.7%-34.4pp |
| Annual return | 8.72% | 19.13%-10.4pp | 35.89%-27.2pp | 28.51%-19.8pp |
| Employer contribution / active EE | $121 | $1,803-93.3% | $3,263-96.3% | $2,270-94.7% |
| Participant deferral / active EE | $331 | $2,604-87.3% | $4,266-92.2% | $3,740-91.1% |
| Admin fee / account holder | $84 | $600-86.1% | $6,581-98.7% | $513-83.7% |