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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2 years Service code 21 · EIN 45-6062081 | Bank Trustee | $43,968 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $28,030 |
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 | $48,411 | $88,982-45.6% | $102,438-52.7% | $77,671-37.7% |
| Participation rate | 67.9% | 80.9%-13.0pp | 76.5%-8.5pp | 70.6%-2.6pp |
| Annual return | 15.20% | 25.01%-9.8pp | 29.37%-14.2pp | 31.21%-16.0pp |
| Employer contribution / active EE | $0 | $2,698-100.0% | $3,024-100.0% | $2,726-100.0% |
| Participant deferral / active EE | $3,569 | $5,144-30.6% | $5,054-29.4% | $4,648-23.2% |
| Admin fee / account holder | $193 | $236-18.0% | $9,448-98.0% | $430-55.2% |