Filed May 8, 2023 (most recent of 5 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.7+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $22,375 |
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $93,537 | $66,528+40.6% | $86,874+7.7% | $86,799+7.8% |
| Participation rate | 97.9% | 72.4%+25.5pp | 71.6%+26.2pp | 72.3%+25.6pp |
| Annual return | 14.13% | 19.56%-5.4pp | 63.52%-49.4pp | 97.91%-83.8pp |
| Employer contribution / active EE | $3,478 | $2,007+73.3% | $2,495+39.4% | $2,405+44.6% |
| Participant deferral / active EE | $4,368 | $3,240+34.8% | $3,699+18.1% | $4,131+5.7% |
| Admin fee / account holder | $39 | $148-73.4% | $5,828-99.3% | $170-76.8% |