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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.4 years Service code 15 · EIN 45-6062081 | Recordkeeping | $3,131 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $143,525 | $55,470+158.7% | $155,556-7.7% | $74,478+92.7% |
| Participation rate | 100.0% | 61.9%+38.1pp | 78.2%+21.8pp | 67.2%+32.8pp |
| Annual return | 23.89% | 269.80%-245.9pp | 64.84%-40.9pp | 1370.56%-1346.7pp |
| Employer contribution / active EE | $7,676 | $2,267+238.7% | $4,675+64.2% | $2,626+192.3% |
| Participant deferral / active EE | $5,681 | $2,838+100.2% | $5,631+0.9% | $4,350+30.6% |
| Admin fee / account holder | $18 | $1,744-98.9% | $15,885-99.9% | $1,946-99.1% |