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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $10,334 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,956 | $60,261-35.4% | $81,783-52.4% | $74,546-47.7% |
| Participation rate | 100.0% | 62.9%+37.1pp | 72.4%+27.6pp | 67.2%+32.8pp |
| Annual return | 13.79% | 16.88%-3.1pp | 775.05%-761.3pp | 1366.03%-1352.2pp |
| Employer contribution / active EE | $3,318 | $2,622+26.6% | $2,913+13.9% | $2,624+26.4% |
| Participant deferral / active EE | $4,157 | $3,388+22.7% | $4,320-3.8% | $4,347-4.4% |
| Admin fee / account holder | $81 | $1,482-94.6% | $7,380-98.9% | $1,944-95.8% |