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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $7,907 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $4,924 | $64,138-92.3% | $112,258-95.6% | $66,930-92.6% |
| Participation rate | 94.4% | 68.5%+25.9pp | 75.1%+19.3pp | 69.8%+24.6pp |
| Annual return | -21.85% | -13.81%-8.0pp | 27.47%-49.3pp | 1.57%-23.4pp |
| Employer contribution / active EE | $0 | $3,006-100.0% | $3,636-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $3,973 | $3,694+7.5% | $4,728-16.0% | $4,238-6.3% |
| Admin fee / account holder | $61 | $625-90.2% | $6,411-99.0% | $593-89.7% |