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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.9+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $72,221 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $80,741 | $79,181+2.0% | $102,423-21.2% | $74,429+8.5% |
| Participation rate | 91.0% | 74.8%+16.2pp | 76.5%+14.5pp | 67.2%+23.8pp |
| Annual return | 23.88% | 54.97%-31.1pp | 29.42%-5.5pp | 1368.38%-1344.5pp |
| Employer contribution / active EE | $2,344 | $2,362-0.7% | $3,023-22.5% | $2,625-10.7% |
| Participant deferral / active EE | $5,824 | $4,416+31.9% | $5,054+15.2% | $4,348+33.9% |
| Admin fee / account holder | $406 | $2,002-79.7% | $9,455-95.7% | $1,944-79.1% |