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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2 years Service code 15 · EIN 45-6062081 | Recordkeeping | $22,180 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,245 | $76,112-43.2% | $96,534-55.2% | $71,511-39.5% |
| Participation rate | 91.0% | 74.4%+16.6pp | 76.0%+15.0pp | 67.9%+23.1pp |
| Annual return | 19.22% | 22.81%-3.6pp | 25.88%-6.7pp | 28.86%-9.6pp |
| Employer contribution / active EE | $1,707 | $2,248-24.0% | $2,965-42.4% | $2,589-34.1% |
| Participant deferral / active EE | $4,992 | $4,217+18.4% | $4,851+2.9% | $4,291+16.3% |
| Admin fee / account holder | $198 | $2,708-92.7% | $8,253-97.6% | $1,588-87.5% |