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| Provider | Service type | Compensation |
|---|---|---|
Filed as: SECURIAN FINANCIAL SERVICES, INC. Service code 55 400 ROBERT STREET NORTH · ST. PAUL, MN 55101 | Other Commissions | $61,181 |
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS Service code 15 · EIN 45-6062081 | Recordkeeping | $5,693 |
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 | $88,261 | $84,493+4.5% | $125,381-29.6% | $66,938+31.9% |
| Participation rate | 100.0% | 76.4%+23.6pp | 82.4%+17.6pp | 69.8%+30.2pp |
| Annual return | -17.59% | -8.49%-9.1pp | 572.31%-589.9pp | 1.58%-19.2pp |
| Employer contribution / active EE | $4,883 | $3,554+37.4% | $4,815+1.4% | $2,545+91.9% |
| Participant deferral / active EE | $7,225 | $6,783+6.5% | $7,448-3.0% | $4,238+70.5% |
| Admin fee / account holder | $405 | $685-40.8% | $10,007-95.9% | $594-31.7% |