Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS FINANCIAL, NA Service code 15 · EIN 45-6062081 | Recordkeeping | $47,601 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $375,963 | $88,186+326.3% | $165,071+127.8% | $74,459+404.9% |
| Participation rate | 2.4% | 73.1%-70.8pp | 78.6%-76.3pp | 67.2%-64.9pp |
| Annual return | 23.54% | 17.13%+6.4pp | 70.17%-46.6pp | 1369.70%-1346.2pp |
| Employer contribution / active EE | $3,029 | $2,600+16.5% | $4,347-30.3% | $2,626+15.3% |
| Participant deferral / active EE | $3,104 | $4,505-31.1% | $6,035-48.6% | $4,350-28.6% |
| Admin fee / account holder | $3,400 | $2,234+52.2% | $12,695-73.2% | $1,945+74.8% |