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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $45,125 |
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 | $45,043 | $55,453-18.8% | $170,435-73.6% | $62,293-27.7% |
| Participation rate | 97.9% | 66.4%+31.5pp | 83.6%+14.3pp | 69.5%+28.4pp |
| Annual return | 19.31% | 21.38%-2.1pp | 205.94%-186.6pp | 28.90%-9.6pp |
| Employer contribution / active EE | $2,111 | $2,164-2.4% | $5,432-61.1% | $2,042+3.4% |
| Participant deferral / active EE | $3,446 | $2,303+49.6% | $4,939-30.2% | $3,169+8.7% |
| Admin fee / account holder | $216 | $455-52.6% | $13,881-98.4% | $479-55.0% |