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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 | $60,504-35.6% | $81,882-52.4% | $74,478-47.7% |
| Participation rate | 100.0% | 62.9%+37.1pp | 72.4%+27.6pp | 67.2%+32.8pp |
| Annual return | 13.79% | 16.91%-3.1pp | 779.47%-765.7pp | 1370.56%-1356.8pp |
| Employer contribution / active EE | $3,318 | $2,627+26.3% | $2,916+13.8% | $2,626+26.3% |
| Participant deferral / active EE | $4,157 | $3,400+22.3% | $4,323-3.8% | $4,350-4.4% |
| Admin fee / account holder | $81 | $1,492-94.6% | $7,360-98.9% | $1,946-95.9% |