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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.7+ years Filed as: ALERUS REVENUE Service code 15 · EIN 45-6062081 | Recordkeeping | $162,269 |
Service code 10 123 SOUTH MAIN STREET · NEWTOWN, CT 06470 | Accounting | $9,600 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $120,782 | $41,647+190.0% | $96,192+25.6% | $86,821+39.1% |
| Participation rate | 69.4% | 50.3%+19.2pp | 68.4%+1.0pp | 72.3%-2.8pp |
| Annual return | 13.28% | 27.24%-14.0pp | 192.09%-178.8pp | 97.94%-84.7pp |
| Employer contribution / active EE | $2,259 | $1,328+70.1% | $2,799-19.3% | $2,406-6.1% |
| Participant deferral / active EE | $6,805 | $2,412+182.1% | $4,351+56.4% | $4,132+64.7% |
| Admin fee / account holder | $35 | $169-79.5% | $5,539-99.4% | $170-79.5% |