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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.4 years Service code 15 · EIN 45-6062081 | Recordkeeping | $28,672 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,736 | $85,515-25.5% | $112,040-43.1% | $67,986-6.3% |
| Participation rate | 92.9% | 68.2%+24.6pp | 76.5%+16.4pp | 57.2%+35.6pp |
| Annual return | 16.65% | 29.68%-13.0pp | 24.52%-7.9pp | 31.67%-15.0pp |
| Employer contribution / active EE | $1,984 | $2,191-9.5% | $2,954-32.8% | $2,019-1.7% |
| Participant deferral / active EE | $5,211 | $4,014+29.8% | $5,098+2.2% | $3,358+55.2% |
| Admin fee / account holder | $247 | $3,774-93.4% | $12,098-98.0% | $3,203-92.3% |