Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Filed as: ALERUS RETIREMENT SOLUTIONS Service code 15 · EIN 45-6062081 2300 SOUTH COLUMBIA RD · GRAND FORKS, ND 58201 | Recordkeeping | $8,881 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $13,435 | $43,423-69.1% | $78,676-82.9% | $55,167-75.6% |
| Participation rate | 41.5% | 68.0%-26.5pp | 73.6%-32.1pp | 69.0%-27.5pp |
| Annual return | 10.21% | 11.53%-1.3pp | 62.19%-52.0pp | 169.23%-159.0pp |
| Employer contribution / active EE | $318 | $1,997-84.1% | $2,850-88.8% | $1,963-83.8% |
| Participant deferral / active EE | $939 | $2,509-62.6% | $3,517-73.3% | $3,054-69.3% |
| Admin fee / account holder | $111 | $416-73.4% | $4,510-97.5% | $504-78.0% |