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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2 years Service code 15 · EIN 45-6062081 | Recordkeeping | $14,415 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $22,016 | $52,967-58.4% | $172,753-87.3% | $65,186-66.2% |
| Participation rate | 91.4% | 66.2%+25.2pp | 82.6%+8.7pp | 70.2%+21.2pp |
| Annual return | 23.19% | 30.12%-6.9pp | 803.00%-779.8pp | 29.39%-6.2pp |
| Employer contribution / active EE | $766 | $2,190-65.0% | $5,144-85.1% | $2,177-64.8% |
| Participant deferral / active EE | $2,864 | $2,471+15.9% | $5,198-44.9% | $3,514-18.5% |
| Admin fee / account holder | $78 | $472-83.4% | $13,956-99.4% | $847-90.8% |