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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.8+ years Filed as: ALERUS REVENUE Service code 15 · EIN 45-6062081 | Recordkeeping | $145,286 |
Service code 10 123 SOUTH MAIN STREET · NEWTOWN, CT 06470 | Accounting | $10,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $92,794 | $34,634+167.9% | $77,100+20.4% | $64,824+43.1% |
| Participation rate | 59.4% | 49.8%+9.5pp | 67.9%-8.6pp | 71.5%-12.1pp |
| Annual return | -20.59% | -5.31%-15.3pp | 42.35%-62.9pp | 32.84%-53.4pp |
| Employer contribution / active EE | $2,018 | $1,385+45.7% | $2,815-28.3% | $2,507-19.5% |
| Participant deferral / active EE | $5,515 | $2,553+116.0% | $4,430+24.5% | $4,311+27.9% |
| Admin fee / account holder | $50 | $178-71.8% | $5,443-99.1% | $188-73.3% |