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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.7 years Service code 15 · EIN 45-6062081 | Recordkeeping | $63,208 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,202 | $64,176+3.2% | $112,263-41.0% | $66,949-1.1% |
| Participation rate | 93.2% | 68.4%+24.8pp | 75.1%+18.1pp | 69.8%+23.4pp |
| Annual return | -15.49% | -13.80%-1.7pp | 27.49%-43.0pp | 1.57%-17.1pp |
| Employer contribution / active EE | $2,678 | $3,007-10.9% | $3,636-26.4% | $2,545+5.2% |
| Participant deferral / active EE | $2,786 | $3,694-24.6% | $4,729-41.1% | $4,239-34.3% |
| Admin fee / account holder | $311 | $626-50.2% | $6,410-95.1% | $594-47.5% |