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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.9+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $12,765 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $168,643 | $56,423+198.9% | $77,183+118.5% | $71,495+135.9% |
| Participation rate | 94.8% | 64.3%+30.5pp | 69.6%+25.2pp | 67.9%+26.9pp |
| Annual return | 17.66% | 19.05%-1.4pp | 37.89%-20.2pp | 28.85%-11.2pp |
| Employer contribution / active EE | $4,679 | $1,866+150.7% | $2,534+84.7% | $2,589+80.7% |
| Participant deferral / active EE | $9,679 | $3,142+208.1% | $3,833+152.6% | $4,291+125.6% |
| Admin fee / account holder | $85 | $1,429-94.1% | $5,475-98.5% | $1,588-94.7% |