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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS FINANCIAL N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $3,525 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $108,251 | $54,370+99.1% | $82,763+30.8% | $68,490+58.1% |
| Participation rate | 89.0% | 63.9%+25.1pp | 72.6%+16.5pp | 67.9%+21.1pp |
| Annual return | -19.16% | -13.67%-5.5pp | 702.45%-721.6pp | -7.85%-11.3pp |
| Employer contribution / active EE | $3,604 | $2,219+62.4% | $3,008+19.8% | $2,597+38.8% |
| Participant deferral / active EE | $4,763 | $3,247+46.7% | $4,395+8.4% | $4,028+18.3% |
| Admin fee / account holder | $39 | $4,398-99.1% | $5,325-99.3% | $5,403-99.3% |