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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.7+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $12,082 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,072 | $61,166-29.6% | $185,849-76.8% | $79,391-45.7% |
| Participation rate | 32.1% | 66.6%-34.5pp | 81.7%-49.6pp | 70.7%-38.6pp |
| Annual return | 14.68% | 19.45%-4.8pp | 122.10%-107.4pp | 116.88%-102.2pp |
| Employer contribution / active EE | $467 | $2,321-79.9% | $5,169-91.0% | $2,428-80.8% |
| Participant deferral / active EE | $1,237 | $2,789-55.7% | $5,569-77.8% | $4,046-69.4% |
| Admin fee / account holder | $212 | $710-70.1% | $16,244-98.7% | $627-66.2% |