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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $26,048 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $26,608 | $62,928-57.7% | $172,753-84.6% | $67,582-60.6% |
| Participation rate | 83.8% | 64.5%+19.4pp | 82.6%+1.2pp | 71.3%+12.5pp |
| Annual return | 5.33% | 30.36%-25.0pp | 803.00%-797.7pp | 378.57%-373.2pp |
| Employer contribution / active EE | $1,121 | $1,636-31.5% | $5,144-78.2% | $2,148-47.8% |
| Participant deferral / active EE | $2,445 | $2,145+14.0% | $5,198-53.0% | $3,539-30.9% |
| Admin fee / account holder | $46 | $167-72.5% | $13,956-99.7% | $142-67.8% |