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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) | $73,647 |
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, MN 80111 | Recordkeeping Fees | $20,344 |
ALERUS FINANCIAL, N.A.2 years Filed as: ALERUS FINANCIAL NA Service code 13 PO BOX 6001 · GRAND FORKS, ND 58201 | Contract Administrator | $2,565 |
Filed as: RETIREMENT PLANNING SERVICES Service code 99 · EIN 84-1096179 PO BOX 64535 · ST. PAUL, MN 55164 | Other Fees | $190 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $219,492 | $61,356+257.7% | $149,696+46.6% | $71,511+206.9% |
| Participation rate | 82.4% | 62.5%+19.9pp | 78.8%+3.6pp | 67.9%+14.5pp |
| Annual return | 52.15% | 35.86%+16.3pp | 134.46%-82.3pp | 28.86%+23.3pp |
| Employer contribution / active EE | $3,204 | $2,382+34.5% | $4,821-33.5% | $2,589+23.8% |
| Participant deferral / active EE | $7,355 | $2,920+151.9% | $5,682+29.4% | $4,291+71.4% |
| Admin fee / account holder | $590 | $1,263-53.3% | $13,212-95.5% | $1,588-62.9% |