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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $5,194 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $119,808 | $122,063-1.8% | $184,256-35.0% | $74,478+60.9% |
| Participation rate | 99.0% | 85.5%+13.6pp | 86.8%+12.2pp | 67.2%+31.8pp |
| Annual return | 21.94% | 19.92%+2.0pp | 28.85%-6.9pp | 1370.56%-1348.6pp |
| Employer contribution / active EE | $7,474 | $4,539+64.7% | $6,427+16.3% | $2,626+184.6% |
| Participant deferral / active EE | $18,510 | $7,144+159.1% | $9,133+102.7% | $4,350+325.5% |
| Admin fee / account holder | $19 | $1,253-98.5% | $13,899-99.9% | $1,946-99.0% |