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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.8 years Service code 15 · EIN 45-6062081 | Recordkeeping | $1,879 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $69,209 | $62,166+11.3% | $81,286-14.9% | $74,429-7.0% |
| Participation rate | 86.5% | 64.1%+22.5pp | 69.5%+17.0pp | 67.2%+19.3pp |
| Annual return | 18.82% | 16.50%+2.3pp | 24.80%-6.0pp | 1368.38%-1349.6pp |
| Employer contribution / active EE | $2,517 | $1,881+33.8% | $2,463+2.2% | $2,625-4.1% |
| Participant deferral / active EE | $4,270 | $3,223+32.5% | $3,883+10.0% | $4,348-1.8% |
| Admin fee / account holder | $11 | $1,925-99.4% | $5,764-99.8% | $1,944-99.4% |