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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Service code 13 · EIN 45-6062081 | Contract Administrator | $63,776 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $13,012 | $33,745-61.4% | $64,105-79.7% | $55,191-76.4% |
| Participation rate | 88.5% | 59.4%+29.1pp | 68.2%+20.3pp | 69.2%+19.3pp |
| Annual return | -1.83% | 4.95%-6.8pp | 791.24%-793.1pp | 10.78%-12.6pp |
| Employer contribution / active EE | $154 | $641-76.0% | $1,820-91.5% | $1,899-91.9% |
| Participant deferral / active EE | $1,599 | $1,929-17.1% | $2,822-43.3% | $3,046-47.5% |
| Admin fee / account holder | $52 | $94-45.3% | $4,499-98.9% | $91-43.2% |