Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $33,142 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $76,352 | $49,451+54.4% | $79,580-4.1% | $66,938+14.1% |
| Participation rate | 24.8% | 61.3%-36.6pp | 69.5%-44.7pp | 69.8%-45.1pp |
| Annual return | -21.25% | 84.25%-105.5pp | 0.15%-21.4pp | 1.58%-22.8pp |
| Employer contribution / active EE | $761 | $1,266-39.8% | $2,413-68.5% | $2,545-70.1% |
| Participant deferral / active EE | $1,448 | $3,159-54.1% | $3,985-63.7% | $4,238-65.8% |
| Admin fee / account holder | $643 | $595+8.1% | $6,835-90.6% | $594+8.3% |