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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.9+ years Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-0662081 | Recordkeeping | $23,314 |
Service code 51 · EIN 31-1582098 | Investment Mgmt Fees | $14,958 |
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| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,740 | $76,696-61.2% | $96,538-69.2% | $71,529-58.4% |
| Participation rate | 84.3% | 66.6%+17.7pp | 74.3%+9.9pp | 67.9%+16.3pp |
| Annual return | 19.09% | 48.32%-29.2pp | 35.74%-16.6pp | 28.97%-9.9pp |
| Employer contribution / active EE | $1,738 | $3,032-42.7% | $3,740-53.5% | $2,590-32.9% |
| Participant deferral / active EE | $2,318 | $3,770-38.5% | $4,880-52.5% | $4,291-46.0% |
| Admin fee / account holder | $150 | $2,030-92.6% | $6,737-97.8% | $1,588-90.6% |