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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $16,211 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $41,675 | $58,888-29.2% | $178,498-76.7% | $73,493-43.3% |
| Participation rate | 94.9% | 66.2%+28.7pp | 81.9%+13.0pp | 70.7%+24.3pp |
| Annual return | 26.55% | 24.86%+1.7pp | 151.09%-124.5pp | 28.51%-2.0pp |
| Employer contribution / active EE | $1,860 | $2,236-16.8% | $5,011-62.9% | $2,270-18.1% |
| Participant deferral / active EE | $3,067 | $2,568+19.4% | $5,202-41.0% | $3,740-18.0% |
| Admin fee / account holder | $80 | $400-80.0% | $13,985-99.4% | $513-84.4% |