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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $31,668 |
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 | $118,981 | $50,666+134.8% | $76,657+55.2% | $65,185+82.5% |
| Participation rate | 98.6% | 68.8%+29.8pp | 72.1%+26.5pp | 70.2%+28.4pp |
| Annual return | 23.17% | 28.51%-5.3pp | 1166.74%-1143.6pp | 29.38%-6.2pp |
| Employer contribution / active EE | $3,230 | $1,575+105.1% | $2,303+40.3% | $2,177+48.4% |
| Participant deferral / active EE | $8,168 | $2,647+208.6% | $3,335+144.9% | $3,514+132.4% |
| Admin fee / account holder | $182 | $463-60.7% | $6,423-97.2% | $847-78.5% |