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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $9,468 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $193,717 | $62,146+211.7% | $81,438+137.9% | $74,546+159.9% |
| Participation rate | 92.0% | 64.1%+28.0pp | 69.5%+22.5pp | 67.2%+24.8pp |
| Annual return | 13.87% | 16.49%-2.6pp | 24.74%-10.9pp | 1366.03%-1352.2pp |
| Employer contribution / active EE | $5,313 | $1,883+182.2% | $2,460+116.0% | $2,624+102.5% |
| Participant deferral / active EE | $9,949 | $3,229+208.1% | $3,883+156.2% | $4,347+128.8% |
| Admin fee / account holder | $65 | $1,922-96.6% | $5,764-98.9% | $1,944-96.7% |