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| Provider | Service type | Compensation |
|---|---|---|
Filed as: GALLAGHER BENEFIT SERVICES INC Service code 27 1100 SUPERIOR AVE · CLEVELAND, OH 44114 | Advisory (Plan) | $75,523 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, MN 80111 | Recordkeeping Fees | $23,377 |
ALERUS FINANCIAL, N.A.3 years Filed as: ALERUS FINANCIAL NA Service code 13 PO BOX 6001 · GRAND FORKS, ND 58201 | Contract Administrator | $4,940 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $136,125 | $50,919+167.3% | $155,556-12.5% | $77,762+75.1% |
| Participation rate | 83.9% | 63.1%+20.8pp | 78.2%+5.7pp | 70.6%+13.3pp |
| Annual return | 18.16% | 34.84%-16.7pp | 64.84%-46.7pp | 31.27%-13.1pp |
| Employer contribution / active EE | $2,124 | $1,991+6.7% | $4,675-54.6% | $2,728-22.1% |
| Participant deferral / active EE | $4,897 | $2,824+73.4% | $5,631-13.0% | $4,651+5.3% |
| Admin fee / account holder | $336 | $437-23.1% | $15,885-97.9% | $433-22.4% |