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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $46,070 |
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,290 | $68,413+8.6% | $123,106-39.7% | $55,191+34.6% |
| Participation rate | 83.0% | 84.5%-1.6pp | 86.8%-3.8pp | 69.2%+13.8pp |
| Annual return | 8.48% | 6.30%+2.2pp | 13.22%-4.7pp | 10.78%-2.3pp |
| Employer contribution / active EE | $4,120 | $3,050+35.1% | $5,151-20.0% | $1,899+117.0% |
| Participant deferral / active EE | $10,689 | $4,490+138.0% | $6,229+71.6% | $3,046+250.9% |
| Admin fee / account holder | $80 | $88-9.4% | $9,015-99.1% | $91-12.3% |