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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Filed as: ALURUS FINANCIAL, N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $30,840 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $10,650 | $36,916-71.2% | $156,551-93.2% | $57,658-81.5% |
| Participation rate | 88.7% | 63.4%+25.2pp | 84.0%+4.6pp | 70.2%+18.4pp |
| Annual return | -0.05% | 12.38%-12.4pp | 32.23%-32.3pp | 5.13%-5.2pp |
| Employer contribution / active EE | $1,007 | $1,571-35.9% | $5,501-81.7% | $1,974-49.0% |
| Participant deferral / active EE | $0 | $1,926-100.0% | $4,871-100.0% | $3,061-100.0% |
| Admin fee / account holder | $53 | $82-36.1% | $13,028-99.6% | $95-44.2% |