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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2 years Service code 15 · EIN 45-6062081 | Recordkeeping | $46,594 |
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 | $52,173 | $58,726-11.2% | $92,240-43.4% | $62,293-16.2% |
| Participation rate | 95.8% | 68.3%+27.5pp | 76.5%+19.4pp | 69.5%+26.3pp |
| Annual return | 16.41% | 43.62%-27.2pp | 176.29%-159.9pp | 28.90%-12.5pp |
| Employer contribution / active EE | $3,139 | $2,392+31.2% | $3,680-14.7% | $2,042+53.7% |
| Participant deferral / active EE | $2,624 | $2,766-5.1% | $3,897-32.7% | $3,169-17.2% |
| Admin fee / account holder | $242 | $556-56.5% | $5,194-95.3% | $479-49.5% |