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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.8+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $59,008 |
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $162,830 | $82,163+98.2% | $125,381+29.9% | $64,819+151.2% |
| Participation rate | 100.0% | 77.9%+22.1pp | 82.4%+17.6pp | 71.5%+28.5pp |
| Annual return | -18.56% | 3.49%-22.0pp | 572.31%-590.9pp | 32.84%-51.4pp |
| Employer contribution / active EE | $3,851 | $3,616+6.5% | $4,815-20.0% | $2,507+53.6% |
| Participant deferral / active EE | $8,388 | $7,175+16.9% | $7,448+12.6% | $4,311+94.6% |
| Admin fee / account holder | $157 | $163-3.8% | $10,007-98.4% | $188-16.4% |