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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.7 years Service code 15 · EIN 45-6062081 | Recordkeeping | $80,200 |
HARBOUR INVESTMENTS INC3 years Service code 26 · EIN 39-1571149 | Advisory (Participants) | $7,664 |
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 | $70,839 | $99,168-28.6% | $96,534-26.6% | $74,460-4.9% |
| Participation rate | 90.1% | 80.7%+9.4pp | 76.0%+14.1pp | 70.7%+19.3pp |
| Annual return | 11.45% | 22.40%-10.9pp | 25.88%-14.4pp | 34.38%-22.9pp |
| Employer contribution / active EE | $2,474 | $2,570-3.7% | $2,965-16.6% | $2,638-6.2% |
| Participant deferral / active EE | $5,792 | $4,936+17.3% | $4,851+19.4% | $4,530+27.9% |
| Admin fee / account holder | $218 | $225-3.0% | $8,253-97.4% | $348-37.3% |