Filed March 5, 2025 (most recent of 2 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $7,271 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $39,339 | $31,810+23.7% | $64,105-38.6% | $59,188-33.5% |
| Participation rate | 25.9% | 57.7%-31.8pp | 68.2%-42.2pp | 69.4%-43.5pp |
| Annual return | 0.70% | 9.41%-8.7pp | 791.24%-790.5pp | 5.51%-4.8pp |
| Employer contribution / active EE | $525 | $659-20.4% | $1,820-71.2% | $2,098-75.0% |
| Participant deferral / active EE | $1,473 | $1,582-6.9% | $2,822-47.8% | $3,265-54.9% |
| Admin fee / account holder | $12 | $57-79.6% | $4,499-99.7% | $92-87.4% |