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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Service code 13 · EIN 45-6062081 | Contract Administrator | $67,117 |
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 | $13,010 | $37,044-64.9% | $71,796-81.9% | $57,658-77.4% |
| Participation rate | 90.6% | 61.1%+29.5pp | 69.1%+21.5pp | 70.2%+20.3pp |
| Annual return | 9.61% | 12.64%-3.0pp | 78.04%-68.4pp | 5.13%+4.5pp |
| Employer contribution / active EE | $167 | $720-76.8% | $1,924-91.3% | $1,974-91.5% |
| Participant deferral / active EE | $1,776 | $1,974-10.0% | $2,794-36.4% | $3,061-42.0% |
| Admin fee / account holder | $47 | $101-53.6% | $4,815-99.0% | $95-50.5% |