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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $28,429 |
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 | $68,310 | $57,976+17.8% | $63,005+8.4% | $62,293+9.7% |
| Participation rate | 84.9% | 75.9%+9.0pp | 74.8%+10.1pp | 69.5%+15.4pp |
| Annual return | 18.89% | 17.54%+1.3pp | 87.59%-68.7pp | 28.90%-10.0pp |
| Employer contribution / active EE | $1,743 | $2,415-27.8% | $2,760-36.9% | $2,042-14.7% |
| Participant deferral / active EE | $4,975 | $2,956+68.3% | $3,329+49.4% | $3,169+57.0% |
| Admin fee / account holder | $169 | $276-38.6% | $3,599-95.3% | $479-64.7% |