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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $72,410 |
RBC WEALTH MANAGEMENT10+ years Service code 26 · EIN 41-1416330 | Advisory (Participants) | $65,400 |
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| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $90,694 | $88,982+1.9% | $102,438-11.5% | $77,671+16.8% |
| Participation rate | 97.6% | 80.9%+16.7pp | 76.5%+21.2pp | 70.6%+27.1pp |
| Annual return | 15.94% | 25.01%-9.1pp | 29.37%-13.4pp | 31.21%-15.3pp |
| Employer contribution / active EE | $2,339 | $2,698-13.3% | $3,024-22.6% | $2,726-14.2% |
| Participant deferral / active EE | $6,823 | $5,144+32.7% | $5,054+35.0% | $4,648+46.8% |
| Admin fee / account holder | $231 | $236-2.0% | $9,448-97.6% | $430-46.4% |