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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $46,952 |
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 | $48,871 | $55,449-11.9% | $83,831-41.7% | $56,289-13.2% |
| Participation rate | 98.1% | 68.0%+30.1pp | 76.1%+21.9pp | 69.9%+28.2pp |
| Annual return | -5.23% | -1.38%-3.8pp | 850.99%-856.2pp | -9.96%+4.7pp |
| Employer contribution / active EE | $4,458 | $2,430+83.4% | $3,631+22.8% | $2,111+111.2% |
| Participant deferral / active EE | $2,522 | $2,935-14.1% | $4,082-38.2% | $3,350-24.7% |
| Admin fee / account holder | $230 | $656-65.0% | $5,479-95.8% | $521-55.9% |