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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.9 years Service code 15 · EIN 45-6062081 | Recordkeeping | $62,933 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $72,106 | $80,731-10.7% | $103,374-30.2% | $74,546-3.3% |
| Participation rate | 95.6% | 65.7%+29.9pp | 74.5%+21.1pp | 67.2%+28.4pp |
| Annual return | 12.80% | 27.56%-14.8pp | 24.89%-12.1pp | 1366.03%-1353.2pp |
| Employer contribution / active EE | $3,949 | $3,158+25.0% | $3,869+2.1% | $2,624+50.5% |
| Participant deferral / active EE | $3,801 | $3,860-1.5% | $5,058-24.8% | $4,347-12.6% |
| Admin fee / account holder | $270 | $2,369-88.6% | $8,394-96.8% | $1,944-86.1% |