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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.7+ years Filed as: ALERUS FINANCIAL, N.A Service code 15 · EIN 45-6062081 401 DEMERS AVENUE · GRAND FORKS, ND 58201 | Recordkeeping | $14,260 |
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,832 | $104,479-63.8% | $159,474-76.3% | $79,391-52.3% |
| Participation rate | 90.6% | 76.6%+14.0pp | 82.8%+7.8pp | 70.7%+19.9pp |
| Annual return | 20.60% | 67.98%-47.4pp | 263.68%-243.1pp | 116.88%-96.3pp |
| Employer contribution / active EE | $2,935 | $3,417-14.1% | $4,831-39.3% | $2,428+20.9% |
| Participant deferral / active EE | $3,449 | $6,468-46.7% | $7,353-53.1% | $4,046-14.8% |
| Admin fee / account holder | $41 | $711-94.2% | $10,802-99.6% | $627-93.4% |