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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS RETIREMENT SOLUTIONS Service code 15 · EIN 45-0140105 2300 SOUTH COLUMBIA ROAD · GRAND FORKS, ND 58201 | Recordkeeping | $6,037 |
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| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $52,942 | $91,474-42.1% | $135,982-61.1% | $71,529-26.0% |
| Participation rate | 83.3% | 75.7%+7.7pp | 81.9%+1.4pp | 67.9%+15.4pp |
| Annual return | 24.91% | 29.89%-5.0pp | 68.32%-43.4pp | 28.97%-4.1pp |
| Employer contribution / active EE | $4,860 | $3,705+31.2% | $4,8590% | $2,590+87.7% |
| Participant deferral / active EE | $11,435 | $7,095+61.2% | $7,760+47.4% | $4,291+166.5% |
| Admin fee / account holder | $31 | $1,267-97.5% | $10,767-99.7% | $1,588-98.0% |