Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 4-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $121,580 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,215 | $115,744-64.4% | $100,415-59.0% | $200,096-79.4% |
| Participation rate | 42.3% | 85.7%-43.4pp | 81.5%-39.2pp | 72.0%-29.7pp |
| Annual return | 19.44% | 17.79%+1.6pp | 49.47%-30.0pp | 34.26%-14.8pp |
| Employer contribution / active EE | $1,373 | $3,657-62.5% | $3,943-65.2% | $3,038-54.8% |
| Participant deferral / active EE | $2,712 | $9,844-72.5% | $8,091-66.5% | $5,090-46.7% |
| Admin fee / account holder | $136 | $93+46.2% | $7,906-98.3% | $269-49.6% |