Filed January 26, 2018
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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $50,453 |
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 | $58,932 | $50,175+17.5% | $99,475-40.8% | $65,185-9.6% |
| Participation rate | 100.0% | 68.4%+31.6pp | 73.8%+26.2pp | 70.2%+29.8pp |
| Annual return | 20.74% | 25.36%-4.6pp | 30.72%-10.0pp | 29.38%-8.6pp |
| Employer contribution / active EE | $1,631 | $1,496+9.0% | $2,540-35.8% | $2,177-25.1% |
| Participant deferral / active EE | $2,556 | $2,748-7.0% | $3,619-29.4% | $3,514-27.2% |
| Admin fee / account holder | $279 | $398-29.9% | $6,252-95.5% | $847-67.1% |