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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $12,538 |
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 | $77,768 | $46,072+68.8% | $69,779+11.4% | $55,167+41.0% |
| Participation rate | 89.7% | 67.5%+22.2pp | 71.8%+17.9pp | 69.0%+20.7pp |
| Annual return | 7.59% | 8.68%-1.1pp | 12.99%-5.4pp | 169.23%-161.6pp |
| Employer contribution / active EE | $3,254 | $1,500+116.9% | $2,338+39.2% | $1,963+65.8% |
| Participant deferral / active EE | $6,208 | $2,344+164.9% | $2,931+111.8% | $3,054+103.3% |
| Admin fee / account holder | $72 | $428-83.1% | $4,381-98.4% | $504-85.7% |