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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 | $79,181+4.1% | $102,423-19.6% | $74,429+10.7% |
| Participation rate | 88.1% | 74.8%+13.3pp | 76.5%+11.6pp | 67.2%+20.9pp |
| Annual return | 13.57% | 54.97%-41.4pp | 29.42%-15.9pp | 1368.38%-1354.8pp |
| Employer contribution / active EE | $4,363 | $2,362+84.8% | $3,023+44.3% | $2,625+66.2% |
| Participant deferral / active EE | $6,730 | $4,416+52.4% | $5,054+33.2% | $4,348+54.8% |
| Admin fee / account holder | $250 | $2,002-87.5% | $9,455-97.4% | $1,944-87.2% |