Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Filed as: ALERUS RETIREMENT SOLUTIONS Service code 27 · EIN 45-0140105 | Advisory (Plan) | $18,573 |
Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $2,610 |
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $52,669 | $46,072+14.3% | $69,779-24.5% | $55,167-4.5% |
| Participation rate | 97.0% | 67.5%+29.6pp | 71.8%+25.2pp | 69.0%+28.0pp |
| Annual return | 6.50% | 8.68%-2.2pp | 12.99%-6.5pp | 169.23%-162.7pp |
| Employer contribution / active EE | $791 | $1,500-47.3% | $2,338-66.2% | $1,963-59.7% |
| Participant deferral / active EE | $3,042 | $2,344+29.8% | $2,931+3.8% | $3,054-0.4% |
| Admin fee / account holder | $17 | $428-95.9% | $4,381-99.6% | $504-96.5% |