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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.11+ years Filed as: ALERUS FINANCIAL Service code 21 · EIN 45-0140105 401 DEMERS AVE · GRAND FORKS, ND 58201 | Bank Trustee | $32,297 |
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,781 | $80,717-63.1% | $154,803-80.8% | $84,808-64.9% |
| Participation rate | 83.1% | 66.8%+16.3pp | 78.1%+5.1pp | 68.3%+14.8pp |
| Annual return | 10.65% | 37.96%-27.3pp | 58.88%-48.2pp | 40.90%-30.2pp |
| Employer contribution / active EE | $1,464 | $2,761-47.0% | $4,305-66.0% | $2,631-44.4% |
| Participant deferral / active EE | $2,035 | $3,303-38.4% | $5,540-63.3% | $4,212-51.7% |
| Admin fee / account holder | $214 | $6,746-96.8% | $14,329-98.5% | $7,344-97.1% |