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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $50,185 |
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 | $41,118 | $56,540-27.3% | $185,849-77.9% | $86,821-52.6% |
| Participation rate | 83.1% | 65.5%+17.6pp | 81.7%+1.4pp | 72.3%+10.8pp |
| Annual return | 31.93% | 118.20%-86.3pp | 122.10%-90.2pp | 97.94%-66.0pp |
| Employer contribution / active EE | $1,401 | $1,844-24.0% | $5,169-72.9% | $2,406-41.8% |
| Participant deferral / active EE | $3,040 | $2,555+19.0% | $5,569-45.4% | $4,132-26.4% |
| Admin fee / account holder | $86 | $150-42.4% | $16,244-99.5% | $170-49.2% |