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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.7+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $62,148 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,485 | $46,332-19.1% | $143,799-73.9% | $64,819-42.2% |
| Participation rate | 82.1% | 64.2%+17.8pp | 80.3%+1.8pp | 71.5%+10.6pp |
| Annual return | -6.65% | -10.05%+3.4pp | -0.04%-6.6pp | 32.84%-39.5pp |
| Employer contribution / active EE | $1,194 | $1,911-37.5% | $4,952-75.9% | $2,507-52.4% |
| Participant deferral / active EE | $2,962 | $2,647+11.9% | $5,638-47.5% | $4,311-31.3% |
| Admin fee / account holder | $97 | $154-37.1% | $14,677-99.3% | $188-48.5% |