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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.4+ years Filed as: ALERUS FINANCIAL, N.A Service code 15 · EIN 45-6062081 401 DEMERS AVENUE · GRAND FORKS, ND 58201 | Recordkeeping | $13,422 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $22,241 | $73,102-69.6% | $123,553-82.0% | $56,289-60.5% |
| Participation rate | 86.6% | 74.3%+12.3pp | 82.3%+4.3pp | 69.9%+16.8pp |
| Annual return | -4.18% | 3.01%-7.2pp | 119.21%-123.4pp | -9.96%+5.8pp |
| Employer contribution / active EE | $2,261 | $2,977-24.0% | $4,628-51.1% | $2,111+7.1% |
| Participant deferral / active EE | $2,488 | $5,423-54.1% | $6,426-61.3% | $3,350-25.7% |
| Admin fee / account holder | $36 | $554-93.6% | $9,284-99.6% | $521-93.2% |