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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $28,305 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $53,574 | $79,223-32.4% | $102,460-47.7% | $74,478-28.1% |
| Participation rate | 92.8% | 74.8%+18.0pp | 76.5%+16.3pp | 67.2%+25.6pp |
| Annual return | 13.95% | 54.98%-41.0pp | 29.47%-15.5pp | 1370.56%-1356.6pp |
| Employer contribution / active EE | $1,805 | $2,363-23.6% | $3,025-40.3% | $2,626-31.3% |
| Participant deferral / active EE | $5,283 | $4,417+19.6% | $5,056+4.5% | $4,350+21.4% |
| Admin fee / account holder | $246 | $2,003-87.7% | $9,460-97.4% | $1,946-87.4% |