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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Filed as: ALERUS FINANCIAL, N.A Service code 15 · EIN 45-6062081 | Recordkeeping | $23,152 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $53,376 | $60,165-11.3% | $74,184-28.0% | $55,167-3.2% |
| Participation rate | 70.2% | 74.2%-3.9pp | 76.6%-6.4pp | 69.0%+1.2pp |
| Annual return | 8.77% | 10.00%-1.2pp | 17.74%-9.0pp | 169.23%-160.5pp |
| Employer contribution / active EE | $0 | $1,600-100.0% | $2,370-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $1,802 | $2,973-39.4% | $3,550-49.2% | $3,054-41.0% |
| Admin fee / account holder | $227 | $419-45.9% | $5,586-95.9% | $504-55.0% |