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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $24,095 |
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 | $145,140 | $54,590+165.9% | $81,716+77.6% | $73,493+97.5% |
| Participation rate | 94.0% | 68.3%+25.7pp | 72.0%+22.0pp | 70.7%+23.4pp |
| Annual return | 16.95% | 17.74%-0.8pp | 29.49%-12.5pp | 28.51%-11.6pp |
| Employer contribution / active EE | $3,233 | $1,636+97.6% | $4,310-25.0% | $2,270+42.4% |
| Participant deferral / active EE | $7,499 | $2,759+171.8% | $7,108+5.5% | $3,740+100.5% |
| Admin fee / account holder | $141 | $592-76.2% | $5,159-97.3% | $513-72.5% |