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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.6 years Service code 15 · EIN 45-6062081 | Recordkeeping | $52,637 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $78,938 | $59,006+33.8% | $97,260-18.8% | $74,459+6.0% |
| Participation rate | 81.9% | 63.7%+18.2pp | 72.7%+9.2pp | 67.2%+14.7pp |
| Annual return | 20.37% | 16.04%+4.3pp | 75.54%-55.2pp | 1369.70%-1349.3pp |
| Employer contribution / active EE | $2,512 | $1,894+32.7% | $2,721-7.7% | $2,626-4.3% |
| Participant deferral / active EE | $7,430 | $3,671+102.4% | $4,262+74.3% | $4,350+70.8% |
| Admin fee / account holder | $257 | $1,974-87.0% | $5,640-95.4% | $1,945-86.8% |