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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 320 PARK AVENUE · NEW YORK, NY 10022 | Claims processing; Account maintenanc... | $297 |
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-6062081 | Recordkeeping | $0 |
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 | $24,863 | $91,179-72.7% | $178,499-86.1% | $79,852-68.9% |
| Participation rate | 97.9% | 69.2%+28.7pp | 81.9%+15.9pp | 69.6%+28.2pp |
| Annual return | 12.05% | 24.19%-12.1pp | 151.10%-139.1pp | 31.72%-19.7pp |
| Employer contribution / active EE | $1,606 | $3,256-50.7% | $5,011-67.9% | $2,471-35.0% |
| Participant deferral / active EE | $1,539 | $3,236-52.4% | $5,202-70.4% | $3,740-58.8% |
| Admin fee / account holder | $182 | $6,749-97.3% | $13,986-98.7% | $5,306-96.6% |