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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $6,383 |
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 | $76,160 | $43,550+74.9% | $63,244+20.4% | $52,331+45.5% |
| Participation rate | 85.7% | 65.7%+20.0pp | 71.0%+14.7pp | 68.1%+17.6pp |
| Annual return | 1.77% | 2.03%-0.3pp | -70.31%+72.1pp | 4.54%-2.8pp |
| Employer contribution / active EE | $6,638 | $1,351+391.3% | $2,322+185.9% | $1,882+252.8% |
| Participant deferral / active EE | $5,184 | $2,254+130.0% | $2,953+75.5% | $3,022+71.5% |
| Admin fee / account holder | $42 | $387-89.2% | $5,893-99.3% | $592-92.9% |