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| Provider | Service type | Compensation |
|---|---|---|
Filed as: AMERIPRISE FINANCIAL SERVICES, INC. Service code 26 · EIN 41-0973005 | Advisory (Participants) | $5,864 |
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $4,320 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $88,192 | $80,177+10.0% | $123,894-28.8% | $57,658+53.0% |
| Participation rate | 99.7% | 74.4%+25.3pp | 81.4%+18.3pp | 70.2%+29.5pp |
| Annual return | 7.10% | 17.90%-10.8pp | 47.52%-40.4pp | 5.13%+2.0pp |
| Employer contribution / active EE | $4,273 | $2,913+46.7% | $4,617-7.4% | $1,974+116.5% |
| Participant deferral / active EE | $6,432 | $5,130+25.4% | $5,984+7.5% | $3,061+110.2% |
| Admin fee / account holder | $34 | $106-67.8% | $8,357-99.6% | $95-63.7% |