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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.5 years Service code 15 · EIN 45-6062081 | Recordkeeping | $34,815 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,204 | $44,714-16.8% | $91,227-59.2% | $66,949-44.4% |
| Participation rate | 91.3% | 65.0%+26.3pp | 73.2%+18.1pp | 69.8%+21.4pp |
| Annual return | -16.79% | -12.25%-4.5pp | 114.14%-130.9pp | 1.57%-18.4pp |
| Employer contribution / active EE | $178 | $1,710-89.6% | $2,851-93.8% | $2,545-93.0% |
| Participant deferral / active EE | $2,764 | $3,355-17.6% | $4,234-34.7% | $4,239-34.8% |
| Admin fee / account holder | $300 | $521-42.4% | $5,423-94.5% | $594-49.4% |