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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $17,335 |
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 | $77,328 | $41,854+84.8% | $73,836+4.7% | $52,331+47.8% |
| Participation rate | 89.9% | 66.2%+23.7pp | 73.4%+16.5pp | 68.1%+21.8pp |
| Annual return | -0.34% | 2.11%-2.5pp | 2268.06%-2268.4pp | 4.54%-4.9pp |
| Employer contribution / active EE | $3,221 | $1,920+67.7% | $2,787+15.6% | $1,882+71.2% |
| Participant deferral / active EE | $3,101 | $2,498+24.1% | $3,583-13.5% | $3,022+2.6% |
| Admin fee / account holder | $123 | $493-75.0% | $4,882-97.5% | $592-79.2% |