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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.6+ years Filed as: ALERUS FINANCIAL, N.A Service code 15 · EIN 45-6062081 | Recordkeeping | $29,395 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,772 | $73,638-39.2% | $95,960-53.3% | $73,493-39.1% |
| Participation rate | 70.5% | 76.2%-5.7pp | 77.1%-6.6pp | 70.7%-0.2pp |
| Annual return | 20.73% | 16.78%+4.0pp | 91.63%-70.9pp | 28.51%-7.8pp |
| Employer contribution / active EE | $0 | $1,863-100.0% | $2,541-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $2,079 | $3,617-42.5% | $4,167-50.1% | $3,740-44.4% |
| Admin fee / account holder | $151 | $482-68.8% | $6,797-97.8% | $513-70.7% |