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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.7+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $3,197 |
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $144,909 | $65,440+121.4% | $98,506+47.1% | $85,851+68.8% |
| Participation rate | 91.0% | 65.0%+26.0pp | 73.3%+17.7pp | 69.3%+21.7pp |
| Annual return | 16.01% | 21.75%-5.7pp | 1494.92%-1478.9pp | 318.63%-302.6pp |
| Employer contribution / active EE | $5,015 | $2,169+131.2% | $2,961+69.4% | $2,565+95.5% |
| Participant deferral / active EE | $4,669 | $3,168+47.4% | $4,277+9.2% | $3,952+18.1% |
| Admin fee / account holder | $31 | $4,596-99.3% | $5,955-99.5% | $6,261-99.5% |