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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2 years Filed as: ALERUS FINANCIAL, NA Service code 15 · EIN 45-6062081 | Recordkeeping | $57,292 |
12 funds of $250K or more; 26 lines in all, holding $6.7M of the plan's $6.9M. From the 2025 filing. Recordkeeper: Alerus Financial.
Target-date series: Vanguard Target Retirement, mutual fund, 29% of fund dollars
| Fund | Dollars | % of funds% |
|---|---|---|
| Vanguard Target Retirement Vanguard · Mutual fund Target-date, 12 vintages | $2.0M | 29.4% |
| Fidelity Advisor New Insights Fund Fidelity (FMR) · Mutual fund | $500K | 7.4% |
| Schwab S&P 500 Index Fund Charles Schwab · Mutual fund Index | $400K | 6.0% |
| Touchstone Large Cap Focused Fund Class Y Western & Southern · Mutual fund | $391K | 5.8% |
| BlackRock Mid-Cap Value Fund Class K BlackRock · Mutual fund | $324K | 4.8% |
| NEW World Fund INC Class R-6 Capital Group · Mutual fund | $294K | 4.4% |
| Baird Core Plus Bond Fund Institutional Baird · Mutual fund | $267K | 4.0% |
| Pgim High Yield Fund Class R6 Prudential (PGIM) · Mutual fund | $265K | 3.9% |
| Moderate Fund Manager not matched · Mutual fund | $264K | 3.9% |
| JPMorgan Mid Cap Growth Fund Class R6 JPMorgan · Mutual fund | $263K | 3.9% |
Added 1 fund, dropped 1 fund.
| Fund | Year-end value |
|---|---|
| AddedFidelity Advisor New Insights Fund | $500K |
| DroppedAB Large CAP Growth Fund INC Class Z | $408K |
Stable value and insurance contract lines, renames and class changes are not counted.
Changes of at least $250K and 0.1% of the plan between the 2024 and 2025 filings. Values are year-end holdings, not money moved.
Covers 71,097 large plans that list their funds in their annual filing. Updated Nov 3, 2026. Shares describe these plans, not the whole market.
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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
The auditor signed off without reservation. This is the cleanest opinion.