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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $2,961 |
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 | $80,094 | $64,909+23.4% | $82,312-2.7% | $62,293+28.6% |
| Participation rate | 100.0% | 74.9%+25.1pp | 76.9%+23.1pp | 69.5%+30.5pp |
| Annual return | 13.86% | 21.18%-7.3pp | 25.88%-12.0pp | 28.90%-15.0pp |
| Employer contribution / active EE | $3,761 | $1,676+124.4% | $2,428+54.9% | $2,042+84.1% |
| Participant deferral / active EE | $4,198 | $3,103+35.3% | $3,706+13.3% | $3,169+32.5% |
| Admin fee / account holder | $20 | $440-95.4% | $5,608-99.6% | $479-95.7% |