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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Service code 50 · EIN 45-6062081 | Direct Payment | $7,686 |
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,588 | $42,546+7.1% | $71,796-36.5% | $55,167-17.4% |
| Participation rate | 92.0% | 59.1%+32.9pp | 69.1%+22.9pp | 69.0%+23.0pp |
| Annual return | 7.65% | 12.36%-4.7pp | 78.04%-70.4pp | 169.23%-161.6pp |
| Employer contribution / active EE | $479 | $803-40.4% | $1,924-75.1% | $1,963-75.6% |
| Participant deferral / active EE | $1,935 | $2,064-6.3% | $2,794-30.8% | $3,054-36.6% |
| Admin fee / account holder | $39 | $650-94.0% | $4,815-99.2% | $504-92.3% |