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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Filed as: ALERUS FINANCIAL, NA Service code 15 · EIN 45-6062081 | Recordkeeping | $49,204 |
GREERWALKER LLP1+ years Service code 10 · EIN 56-1434747 | Accounting | $15,000 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $23,351 | $99,168-76.5% | $96,534-75.8% | $74,460-68.6% |
| Participation rate | 87.3% | 80.7%+6.6pp | 76.0%+11.3pp | 70.7%+16.5pp |
| Annual return | 165.32% | 22.40%+142.9pp | 25.88%+139.4pp | 34.38%+130.9pp |
| Employer contribution / active EE | $1,637 | $2,570-36.3% | $2,965-44.8% | $2,638-37.9% |
| Participant deferral / active EE | $4,521 | $4,936-8.4% | $4,851-6.8% | $4,530-0.2% |
| Admin fee / account holder | $180 | $225-19.8% | $8,253-97.8% | $348-48.1% |