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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $15,249 |
STANCORP FINANCIAL GROUP1 year Service code 12 · EIN 93-1253576 | Recordkeeping and information managem... | $4,454 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,529 | $77,677-85.2% | $109,173-89.4% | $79,391-85.5% |
| Participation rate | 78.6% | 67.8%+10.8pp | 75.9%+2.7pp | 70.7%+7.9pp |
| Annual return | 14.50% | 23.44%-8.9pp | 25.75%-11.3pp | 116.88%-102.4pp |
| Employer contribution / active EE | $605 | $2,798-78.4% | $3,723-83.8% | $2,428-75.1% |
| Participant deferral / active EE | $3,299 | $3,517-6.2% | $4,654-29.1% | $4,046-18.5% |
| Admin fee / account holder | $105 | $732-85.6% | $6,755-98.4% | $627-83.2% |