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| Provider | Service type | Compensation |
|---|---|---|
RBC WEALTH MANAGEMENT4+ years Service code 26 · EIN 41-1416330 | Advisory (Participants) | $37,800 |
CORRUNDUM GROUP MANAGEMENT3 years Service code 26 · EIN 84-1207738 | Advisory (Participants) | $25,236 |
ALERUS FINANCIAL, N.A.3 years Filed as: ALERUS FINANCIAL N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $6,966 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $66,371 | $56,443+17.6% | $83,830-20.8% | $55,725+19.1% |
| Participation rate | 54.9% | 72.0%-17.1pp | 76.1%-21.2pp | 70.9%-15.9pp |
| Annual return | -8.23% | 393.67%-401.9pp | 850.97%-859.2pp | 244.93%-253.2pp |
| Employer contribution / active EE | $909 | $2,682-66.1% | $3,631-75.0% | $2,078-56.3% |
| Participant deferral / active EE | $3,665 | $2,965+23.6% | $4,082-10.2% | $3,356+9.2% |
| Admin fee / account holder | $337 | $156+115.7% | $5,479-93.8% | $115+192.6% |