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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.6 years Service code 15 · EIN 45-6062081 | Recordkeeping | $68,672 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $79,503 | $77,677+2.3% | $109,188-27.2% | $79,389+0.1% |
| Participation rate | 98.7% | 67.8%+30.9pp | 75.9%+22.8pp | 70.7%+28.0pp |
| Annual return | 15.72% | 23.44%-7.7pp | 25.76%-10.0pp | 116.89%-101.2pp |
| Employer contribution / active EE | $4,897 | $2,798+75.0% | $3,723+31.5% | $2,428+101.7% |
| Participant deferral / active EE | $2,550 | $3,517-27.5% | $4,654-45.2% | $4,046-37.0% |
| Admin fee / account holder | $297 | $732-59.4% | $6,755-95.6% | $626-52.5% |