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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $8,047 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $82,819 | $53,412+55.1% | $68,509+20.9% | $52,331+58.3% |
| Participation rate | 89.5% | 71.7%+17.8pp | 74.7%+14.7pp | 68.1%+21.3pp |
| Annual return | 1.57% | 3.42%-1.9pp | 8.27%-6.7pp | 4.54%-3.0pp |
| Employer contribution / active EE | $546 | $1,607-66.0% | $2,278-76.0% | $1,882-71.0% |
| Participant deferral / active EE | $4,463 | $2,688+66.0% | $3,382+31.9% | $3,022+47.7% |
| Admin fee / account holder | $31 | $461-93.2% | $5,275-99.4% | $592-94.7% |