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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 | $89,123+1.8% | $102,460-11.5% | $77,762+16.6% |
| Participation rate | 97.6% | 80.9%+16.7pp | 76.5%+21.1pp | 70.6%+27.1pp |
| Annual return | 15.94% | 25.05%-9.1pp | 29.47%-13.5pp | 31.27%-15.3pp |
| Employer contribution / active EE | $2,339 | $2,700-13.4% | $3,025-22.7% | $2,728-14.3% |
| Participant deferral / active EE | $6,823 | $5,148+32.5% | $5,056+34.9% | $4,651+46.7% |
| Admin fee / account holder | $231 | $236-2.1% | $9,460-97.6% | $433-46.7% |