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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.5+ years Service code 50 · EIN 45-6062081 | Direct Payment | $10,636 |
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 | $57,236 | $49,138+16.5% | $84,021-31.9% | $65,185-12.2% |
| Participation rate | 97.6% | 60.7%+36.8pp | 69.0%+28.5pp | 70.2%+27.4pp |
| Annual return | 20.03% | 23.00%-3.0pp | 71.32%-51.3pp | 29.38%-9.4pp |
| Employer contribution / active EE | $513 | $914-43.9% | $1,984-74.2% | $2,177-76.5% |
| Participant deferral / active EE | $2,077 | $2,397-13.4% | $3,239-35.9% | $3,514-40.9% |
| Admin fee / account holder | $53 | $543-90.3% | $6,102-99.1% | $847-93.8% |