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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.4+ years Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-6062081 TWO PINE TREE DRIVE, SUITE 400 · ARDEN HILLS, MN 55112 | Recordkeeping | $51,153 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $54,804 | $47,977+14.2% | $154,108-64.4% | $56,289-2.6% |
| Participation rate | 100.0% | 66.2%+33.8pp | 83.0%+17.0pp | 69.9%+30.1pp |
| Annual return | -7.84% | 3.54%-11.4pp | 735.21%-743.0pp | -9.96%+2.1pp |
| Employer contribution / active EE | $2,779 | $2,169+28.2% | $5,298-47.5% | $2,111+31.7% |
| Participant deferral / active EE | $3,310 | $2,392+38.4% | $5,081-34.9% | $3,350-1.2% |
| Admin fee / account holder | $272 | $438-37.9% | $13,411-98.0% | $521-47.8% |