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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $14,293 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $5,032 | $58,888-91.5% | $178,498-97.2% | $73,493-93.2% |
| Participation rate | 94.1% | 66.2%+27.9pp | 81.9%+12.2pp | 70.7%+23.4pp |
| Annual return | 4.32% | 24.86%-20.5pp | 151.09%-146.8pp | 28.51%-24.2pp |
| Employer contribution / active EE | $835 | $2,236-62.7% | $5,011-83.3% | $2,270-63.2% |
| Participant deferral / active EE | $1,240 | $2,568-51.7% | $5,202-76.2% | $3,740-66.8% |
| Admin fee / account holder | $90 | $400-77.4% | $13,985-99.4% | $513-82.4% |