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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Filed as: ALERUS INVESTMENT ADVISORS, INC. Service code 27 · EIN 42-1378382 | Advisory (Plan) | $17,364 |
ORSUS ADVISORY SERVICES2+ years Service code 34 IDS CENTER SUITE 900 · MINNEAPOLIS, MN 55402 | Valuation (appraisals, etc.) | $10,000 |
HOLMGREN-BALSTER, LTD2+ years Service code 10 10627 165TH ST W · LAKEVILLE, MN 55044 | Accounting | $9,353 |
ALERUS FINANCIAL, N.A.2+ years Filed as: ALERUS FINANCIAL, N. A. Service code 15 · EIN 45-6062081 | Recordkeeping | $8,650 |
ANDERSON & REED, LLP2+ years Filed as: ANDERSON HELGEN DAVIS & NISSEN, PA Service code 29 333 SOUTH SEVENTH STREET · MINNEAPOLIS, MN 55402 | Legal | $2,635 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,106 | $43,423-39.9% | $78,676-66.8% | $55,167-52.7% |
| Participation rate | 97.9% | 68.0%+29.9pp | 73.6%+24.4pp | 69.0%+28.9pp |
| Annual return | 12.50% | 11.53%+1.0pp | 62.19%-49.7pp | 169.23%-156.7pp |
| Employer contribution / active EE | $458 | $1,997-77.0% | $2,850-83.9% | $1,963-76.6% |
| Participant deferral / active EE | $0 | $2,509-100.0% | $3,517-100.0% | $3,054-100.0% |
| Admin fee / account holder | $201 | $416-51.6% | $4,510-95.5% | $504-60.0% |