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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.9+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $80,687 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $191,338 | $95,369+100.6% | $135,942+40.8% | $74,440+157.0% |
| Participation rate | 100.0% | 78.2%+21.8pp | 81.9%+18.1pp | 70.7%+29.3pp |
| Annual return | 20.68% | 32.72%-12.0pp | 68.28%-47.6pp | 34.37%-13.7pp |
| Employer contribution / active EE | $4,164 | $3,878+7.4% | $4,858-14.3% | $2,638+57.9% |
| Participant deferral / active EE | $9,322 | $7,788+19.7% | $7,759+20.1% | $4,529+105.8% |
| Admin fee / account holder | $156 | $266-41.5% | $10,764-98.6% | $348-55.2% |