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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.11+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $123,727 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $325,431 | $45,343+617.7% | $150,298+116.5% | $67,986+378.7% |
| Participation rate | 100.0% | 51.9%+48.1pp | 77.8%+22.2pp | 57.2%+42.8pp |
| Annual return | 14.85% | 33.28%-18.4pp | 62.79%-47.9pp | 31.67%-16.8pp |
| Employer contribution / active EE | $11,508 | $1,462+687.2% | $4,154+177.0% | $2,019+470.1% |
| Participant deferral / active EE | $9,649 | $2,055+369.6% | $5,453+77.0% | $3,358+187.4% |
| Admin fee / account holder | $619 | $2,250-72.5% | $14,116-95.6% | $3,203-80.7% |