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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $66,946 |
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,956 | $37,117-0.4% | $147,618-75.0% | $55,191-33.0% |
| Participation rate | 71.3% | 63.6%+7.7pp | 84.6%-13.3pp | 69.2%+2.1pp |
| Annual return | 1.70% | 3.44%-1.7pp | 61.98%-60.3pp | 10.78%-9.1pp |
| Employer contribution / active EE | $1,289 | $1,620-20.5% | $5,565-76.8% | $1,899-32.1% |
| Participant deferral / active EE | $5,866 | $1,985+195.4% | $4,895+19.8% | $3,046+92.6% |
| Admin fee / account holder | $120 | $86+39.7% | $11,612-99.0% | $91+31.7% |