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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $37,526 |
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 | $40,498 | $46,732-13.3% | $156,551-74.1% | $55,167-26.6% |
| Participation rate | 95.2% | 65.8%+29.4pp | 84.0%+11.2pp | 69.0%+26.2pp |
| Annual return | 7.29% | 17.72%-10.4pp | 32.23%-24.9pp | 169.23%-161.9pp |
| Employer contribution / active EE | $2,127 | $2,105+1.0% | $5,501-61.3% | $1,963+8.4% |
| Participant deferral / active EE | $3,458 | $2,204+56.9% | $4,871-29.0% | $3,054+13.2% |
| Admin fee / account holder | $193 | $418-53.8% | $13,028-98.5% | $504-61.6% |