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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $22,733 |
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 | $99,912 | $50,637+97.3% | $86,582+15.4% | $62,293+60.4% |
| Participation rate | 86.7% | 67.9%+18.8pp | 73.5%+13.1pp | 69.5%+17.2pp |
| Annual return | 31.36% | 20.80%+10.6pp | 965.08%-933.7pp | 28.90%+2.5pp |
| Employer contribution / active EE | $2,947 | $2,075+42.0% | $2,839+3.8% | $2,042+44.3% |
| Participant deferral / active EE | $3,545 | $2,611+35.8% | $3,609-1.7% | $3,169+11.9% |
| Admin fee / account holder | $183 | $413-55.6% | $4,904-96.3% | $479-61.8% |