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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.5 years Service code 15 · EIN 45-6062081 | Recordkeeping | $21,338 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $61,822 | $59,584+3.8% | $86,868-28.8% | $79,393-22.1% |
| Participation rate | 62.8% | 67.7%-4.9pp | 71.6%-8.9pp | 70.7%-7.9pp |
| Annual return | 19.77% | 23.15%-3.4pp | 63.53%-43.8pp | 116.87%-97.1pp |
| Employer contribution / active EE | $1,362 | $1,768-23.0% | $2,496-45.4% | $2,428-43.9% |
| Participant deferral / active EE | $2,436 | $3,036-19.8% | $3,699-34.2% | $4,046-39.8% |
| Admin fee / account holder | $187 | $604-69.0% | $5,829-96.8% | $627-70.1% |