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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.10+ years Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-0662081 | Recordkeeping | $25,618 |
Service code 51 · EIN 31-1582098 | Investment Mgmt Fees | $16,107 |
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| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,154 | $80,748-58.9% | $102,383-67.6% | $74,429-55.5% |
| Participation rate | 83.3% | 65.7%+17.6pp | 74.5%+8.8pp | 67.2%+16.1pp |
| Annual return | 12.03% | 27.57%-15.5pp | 24.94%-12.9pp | 1368.38%-1356.4pp |
| Employer contribution / active EE | $1,263 | $3,159-60.0% | $3,870-67.4% | $2,625-51.9% |
| Participant deferral / active EE | $2,300 | $3,861-40.4% | $5,060-54.5% | $4,348-47.1% |
| Admin fee / account holder | $162 | $2,371-93.2% | $8,391-98.1% | $1,944-91.6% |