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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.8 years Service code 15 · EIN 45-6062081 | Recordkeeping | $57,539 |
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $65,857 | $76,696-14.1% | $96,538-31.8% | $71,529-7.9% |
| Participation rate | 97.0% | 66.6%+30.4pp | 74.3%+22.6pp | 67.9%+29.0pp |
| Annual return | 16.25% | 48.32%-32.1pp | 35.74%-19.5pp | 28.97%-12.7pp |
| Employer contribution / active EE | $4,523 | $3,032+49.2% | $3,740+20.9% | $2,590+74.6% |
| Participant deferral / active EE | $3,111 | $3,770-17.5% | $4,880-36.3% | $4,291-27.5% |
| Admin fee / account holder | $246 | $2,030-87.9% | $6,737-96.4% | $1,588-84.5% |