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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $20,083 |
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 | $93,869 | $49,177+90.9% | $79,467+18.1% | $64,173+46.3% |
| Participation rate | 89.0% | 65.0%+24.0pp | 73.3%+15.7pp | 69.6%+19.4pp |
| Annual return | -4.76% | -1.16%-3.6pp | 718.30%-723.1pp | 7.63%-12.4pp |
| Employer contribution / active EE | $3,255 | $2,076+56.8% | $2,800+16.2% | $2,381+36.7% |
| Participant deferral / active EE | $4,075 | $2,821+44.4% | $3,704+10.0% | $3,470+17.5% |
| Admin fee / account holder | $172 | $3,839-95.5% | $5,104-96.6% | $4,887-96.5% |