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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $41,539 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $52,465 | $52,884-0.8% | $84,753-38.1% | $55,167-4.9% |
| Participation rate | 94.2% | 67.5%+26.6pp | 76.6%+17.6pp | 69.0%+25.2pp |
| Annual return | 12.81% | 18.03%-5.2pp | 22.78%-10.0pp | 169.23%-156.4pp |
| Employer contribution / active EE | $5,638 | $2,233+152.5% | $3,574+57.7% | $1,963+187.3% |
| Participant deferral / active EE | $2,600 | $2,644-1.7% | $3,712-30.0% | $3,054-14.9% |
| Admin fee / account holder | $235 | $581-59.6% | $5,333-95.6% | $504-53.4% |