Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $18,239 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $28,353 | $56,640-49.9% | $78,002-63.7% | $55,167-48.6% |
| Participation rate | 27.9% | 73.3%-45.4pp | 75.5%-47.6pp | 69.0%-41.1pp |
| Annual return | 255.38% | 2868.48%-2613.1pp | 425.99%-170.6pp | 169.23%+86.1pp |
| Employer contribution / active EE | $0 | $1,724-100.0% | $2,470-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $990 | $2,778-64.4% | $3,497-71.7% | $3,054-67.6% |
| Admin fee / account holder | $424 | $467-9.1% | $5,481-92.3% | $504-15.8% |