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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $119,312 |
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 | $301,899 | $55,470+444.3% | $155,556+94.1% | $74,478+305.4% |
| Participation rate | 99.3% | 61.9%+37.4pp | 78.2%+21.1pp | 67.2%+32.1pp |
| Annual return | 13.30% | 269.80%-256.5pp | 64.84%-51.5pp | 1370.56%-1357.3pp |
| Employer contribution / active EE | $12,126 | $2,267+435.0% | $4,675+159.4% | $2,626+361.7% |
| Participant deferral / active EE | $9,766 | $2,838+244.1% | $5,631+73.4% | $4,350+124.5% |
| Admin fee / account holder | $597 | $1,744-65.8% | $15,885-96.2% | $1,946-69.3% |