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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $52,989 |
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS INVESTMENT ADVISORS, INC. Service code 26 · EIN 42-1378382 | Advisory (Participants) | $20,000 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $211,922 | $106,247+99.5% | $147,096+44.1% | $77,714+172.7% |
| Participation rate | 99.1% | 78.4%+20.7pp | 82.2%+16.9pp | 70.6%+28.5pp |
| Annual return | 16.94% | 56.87%-39.9pp | 419.75%-402.8pp | 31.26%-14.3pp |
| Employer contribution / active EE | $4,222 | $4,069+3.8% | $4,936-14.5% | $2,727+54.8% |
| Participant deferral / active EE | $9,534 | $7,996+19.2% | $8,071+18.1% | $4,649+105.1% |
| Admin fee / account holder | $178 | $338-47.5% | $13,005-98.6% | $433-59.0% |