Filed June 1, 2022 (most recent of 4 filings on file)
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.9+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $37,780 |
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $90,655 | $107,459-15.6% | $135,903-33.3% | $80,160+13.1% |
| Participation rate | 88.6% | 78.0%+10.5pp | 81.9%+6.7pp | 72.9%+15.7pp |
| Annual return | 22.31% | 91.91%-69.6pp | 68.23%-45.9pp | 40.38%-18.1pp |
| Employer contribution / active EE | $6,044 | $3,877+55.9% | $4,856+24.5% | $2,978+103.0% |
| Participant deferral / active EE | $5,682 | $8,195-30.7% | $7,758-26.8% | $5,017+13.3% |
| Admin fee / account holder | $25 | $127-79.9% | $10,762-99.8% | $145-82.4% |