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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.4 years Service code 15 · EIN 45-6062081 | Recordkeeping | $23,494 |
Filed as: KESTRA FINANCIAL, INC. Service code 16 · EIN 47-1566880 | Consulting | $12,012 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,154 | $50,192+7.9% | $108,359-50.0% | $64,728-16.3% |
| Participation rate | 51.8% | 41.8%+10.0pp | 70.1%-18.3pp | 57.9%-6.1pp |
| Annual return | 12.60% | 14.22%-1.6pp | 36.89%-24.3pp | 49.38%-36.8pp |
| Employer contribution / active EE | $333 | $1,117-70.2% | $2,399-86.1% | $2,243-85.2% |
| Participant deferral / active EE | $1,384 | $1,676-17.5% | $4,137-66.6% | $2,729-49.3% |
| Admin fee / account holder | $140 | $2,161-93.5% | $9,741-98.6% | $1,145-87.7% |