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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $18,633 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $6,924 | $59,105-88.3% | $160,009-95.7% | $66,938-89.7% |
| Participation rate | 97.7% | 68.1%+29.6pp | 78.0%+19.7pp | 69.8%+27.9pp |
| Annual return | -20.06% | -12.26%-7.8pp | 408.85%-428.9pp | 1.58%-21.6pp |
| Employer contribution / active EE | $860 | $1,983-56.6% | $4,225-79.6% | $2,545-66.2% |
| Participant deferral / active EE | $2,592 | $4,395-41.0% | $6,183-58.1% | $4,238-38.8% |
| Admin fee / account holder | $134 | $591-77.3% | $8,715-98.5% | $594-77.4% |