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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $25,256 |
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 | $85,989 | $43,504+97.7% | $68,612+25.3% | $56,287+52.8% |
| Participation rate | 95.6% | 67.8%+27.8pp | 72.2%+23.4pp | 69.9%+25.8pp |
| Annual return | -6.71% | -3.15%-3.6pp | -4.63%-2.1pp | -9.96%+3.2pp |
| Employer contribution / active EE | $2,789 | $1,525+82.8% | $2,625+6.2% | $2,111+32.1% |
| Participant deferral / active EE | $7,677 | $2,509+206.0% | $3,311+131.8% | $3,350+129.2% |
| Admin fee / account holder | $126 | $515-75.5% | $5,131-97.5% | $521-75.8% |