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.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $104,417 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $18,534 | $38,833-52.3% | $78,778-76.5% | $77,958-76.2% |
| Participation rate | 92.7% | 60.9%+31.8pp | 69.2%+23.5pp | 71.6%+21.1pp |
| Annual return | 15.61% | 20.31%-4.7pp | 35.62%-20.0pp | 20.87%-5.3pp |
| Employer contribution / active EE | $181 | $840-78.5% | $1,986-90.9% | $2,310-92.2% |
| Participant deferral / active EE | $1,898 | $1,776+6.9% | $2,958-35.8% | $3,537-46.3% |
| Admin fee / account holder | $89 | $89-0.5% | $5,134-98.3% | $97-9.1% |