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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $24,231 |
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $84,285 | $43,423+94.1% | $78,676+7.1% | $55,167+52.8% |
| Participation rate | 89.8% | 68.0%+21.8pp | 73.6%+16.3pp | 69.0%+20.8pp |
| Annual return | 8.99% | 11.53%-2.5pp | 62.19%-53.2pp | 169.23%-160.2pp |
| Employer contribution / active EE | $3,263 | $1,997+63.4% | $2,850+14.5% | $1,963+66.2% |
| Participant deferral / active EE | $3,604 | $2,509+43.7% | $3,517+2.5% | $3,054+18.0% |
| Admin fee / account holder | $182 | $416-56.2% | $4,510-96.0% | $504-63.8% |