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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $23,152 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $57,504 | $51,769+11.1% | $57,349+0.3% | $52,331+9.9% |
| Participation rate | 84.3% | 75.2%+9.0pp | 75.1%+9.2pp | 68.1%+16.1pp |
| Annual return | 0.67% | 2.43%-1.8pp | 24.40%-23.7pp | 4.54%-3.9pp |
| Employer contribution / active EE | $1,919 | $2,335-17.8% | $2,689-28.6% | $1,882+2.0% |
| Participant deferral / active EE | $4,313 | $2,794+54.4% | $3,162+36.4% | $3,022+42.7% |
| Admin fee / account holder | $182 | $295-38.2% | $3,356-94.6% | $592-69.2% |