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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.9 years Service code 15 · EIN 45-6062081 | Recordkeeping | $98,859 |
HARBOUR INVESTMENTS INC5 years Service code 26 · EIN 39-1571149 | Advisory (Participants) | $704 |
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $85,643 | $103,024-16.9% | $112,040-23.6% | $79,634+7.5% |
| Participation rate | 87.7% | 80.6%+7.1pp | 76.5%+11.2pp | 62.5%+25.2pp |
| Annual return | 9.83% | 17.60%-7.8pp | 24.52%-14.7pp | 36.46%-26.6pp |
| Employer contribution / active EE | $2,707 | $3,015-10.2% | $2,954-8.4% | $2,529+7.0% |
| Participant deferral / active EE | $5,987 | $5,233+14.4% | $5,098+17.4% | $3,835+56.1% |
| Admin fee / account holder | $254 | $465-45.4% | $12,098-97.9% | $1,002-74.6% |