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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $24,542 |
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 | $58,089 | $52,467+10.7% | $57,196+1.6% | $55,167+5.3% |
| Participation rate | 88.1% | 75.8%+12.3pp | 75.3%+12.8pp | 69.0%+19.1pp |
| Annual return | 10.37% | 7.72%+2.7pp | 14.59%-4.2pp | 169.23%-158.9pp |
| Employer contribution / active EE | $1,749 | $2,477-29.4% | $2,683-34.8% | $1,963-10.9% |
| Participant deferral / active EE | $4,748 | $2,830+67.8% | $3,096+53.3% | $3,054+55.5% |
| Admin fee / account holder | $163 | $269-39.6% | $3,141-94.8% | $504-67.7% |