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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 | $79,184+4.1% | $102,438-19.6% | $74,546+10.5% |
| Participation rate | 88.1% | 74.8%+13.3pp | 76.5%+11.6pp | 67.2%+20.9pp |
| Annual return | 13.57% | 54.95%-41.4pp | 29.37%-15.8pp | 1366.03%-1352.5pp |
| Employer contribution / active EE | $4,363 | $2,362+84.7% | $3,024+44.3% | $2,624+66.3% |
| Participant deferral / active EE | $6,730 | $4,414+52.5% | $5,054+33.2% | $4,347+54.8% |
| Admin fee / account holder | $250 | $2,001-87.5% | $9,448-97.4% | $1,944-87.1% |