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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.7 years Service code 15 · EIN 45-6062081 | Recordkeeping | $36,480 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,009 | $55,470-33.3% | $155,556-76.2% | $74,478-50.3% |
| Participation rate | 92.0% | 61.9%+30.1pp | 78.2%+13.8pp | 67.2%+24.8pp |
| Annual return | 12.36% | 269.80%-257.4pp | 64.84%-52.5pp | 1370.56%-1358.2pp |
| Employer contribution / active EE | $1,088 | $2,267-52.0% | $4,675-76.7% | $2,626-58.6% |
| Participant deferral / active EE | $3,566 | $2,838+25.7% | $5,631-36.7% | $4,350-18.0% |
| Admin fee / account holder | $231 | $1,744-86.8% | $15,885-98.5% | $1,946-88.1% |