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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 | $80,781-59.0% | $102,437-67.6% | $74,478-55.5% |
| Participation rate | 83.3% | 65.7%+17.6pp | 74.5%+8.8pp | 67.2%+16.0pp |
| Annual return | 12.03% | 27.58%-15.5pp | 24.95%-12.9pp | 1370.56%-1358.5pp |
| Employer contribution / active EE | $1,263 | $3,160-60.0% | $3,871-67.4% | $2,626-51.9% |
| Participant deferral / active EE | $2,300 | $3,862-40.4% | $5,060-54.5% | $4,350-47.1% |
| Admin fee / account holder | $162 | $2,372-93.2% | $8,388-98.1% | $1,946-91.7% |