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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $4,360 |
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 | $93,353 | $59,191+57.7% | $76,767+21.6% | $56,289+65.8% |
| Participation rate | 98.4% | 75.2%+23.2pp | 77.0%+21.4pp | 69.9%+28.5pp |
| Annual return | 13.35% | 6.62%+6.7pp | 2.43%+10.9pp | -9.96%+23.3pp |
| Employer contribution / active EE | $2,835 | $1,759+61.2% | $2,485+14.1% | $2,111+34.3% |
| Participant deferral / active EE | $4,433 | $3,255+36.2% | $3,852+15.1% | $3,350+32.3% |
| Admin fee / account holder | $30 | $489-93.9% | $6,675-99.6% | $521-94.3% |