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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.5 years Service code 15 · EIN 45-6062081 | Recordkeeping | $47,710 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $82,393 | $79,223+4.0% | $102,460-19.6% | $74,478+10.6% |
| Participation rate | 88.1% | 74.8%+13.3pp | 76.5%+11.6pp | 67.2%+20.9pp |
| Annual return | 13.57% | 54.98%-41.4pp | 29.47%-15.9pp | 1370.56%-1357.0pp |
| Employer contribution / active EE | $4,363 | $2,363+84.6% | $3,025+44.2% | $2,626+66.1% |
| Participant deferral / active EE | $6,730 | $4,417+52.4% | $5,056+33.1% | $4,350+54.7% |
| Admin fee / account holder | $250 | $2,003-87.5% | $9,460-97.4% | $1,946-87.2% |