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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $8,795 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,384 | $81,487-81.1% | $102,412-85.0% | $80,935-81.0% |
| Participation rate | 78.1% | 66.8%+11.3pp | 74.5%+3.6pp | 67.7%+10.5pp |
| Annual return | 17.72% | 25.60%-7.9pp | 24.94%-7.2pp | 35.66%-17.9pp |
| Employer contribution / active EE | $0 | $3,103-100.0% | $3,870-100.0% | $2,757-100.0% |
| Participant deferral / active EE | $3,694 | $3,871-4.6% | $5,060-27.0% | $4,299-14.1% |
| Admin fee / account holder | $119 | $6,717-98.2% | $8,388-98.6% | $6,924-98.3% |