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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $31,711 |
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 | $63,432 | $64,909-2.3% | $82,312-22.9% | $62,293+1.8% |
| Participation rate | 90.1% | 74.9%+15.2pp | 76.9%+13.2pp | 69.5%+20.6pp |
| Annual return | 21.22% | 21.18%0pp | 25.88%-4.7pp | 28.90%-7.7pp |
| Employer contribution / active EE | $1,619 | $1,676-3.4% | $2,428-33.3% | $2,042-20.7% |
| Participant deferral / active EE | $3,643 | $3,103+17.4% | $3,706-1.7% | $3,169+15.0% |
| Admin fee / account holder | $205 | $440-53.5% | $5,608-96.4% | $479-57.3% |