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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $38,999 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $50,987 | $60,165-15.3% | $74,184-31.3% | $55,167-7.6% |
| Participation rate | 92.0% | 74.2%+17.8pp | 76.6%+15.4pp | 69.0%+23.0pp |
| Annual return | 3.38% | 10.00%-6.6pp | 17.74%-14.4pp | 169.23%-165.8pp |
| Employer contribution / active EE | $1,464 | $1,600-8.5% | $2,370-38.2% | $1,963-25.4% |
| Participant deferral / active EE | $3,212 | $2,973+8.1% | $3,550-9.5% | $3,054+5.2% |
| Admin fee / account holder | $255 | $419-39.2% | $5,586-95.4% | $504-49.4% |