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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $0 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,309 | $54,320-81.0% | $67,652-84.8% | $52,331-80.3% |
| Participation rate | 97.3% | 73.6%+23.7pp | 75.7%+21.7pp | 68.1%+29.2pp |
| Annual return | 77.76% | 6.81%+71.0pp | 6625.40%-6547.6pp | 4.54%+73.2pp |
| Employer contribution / active EE | $435 | $1,544-71.9% | $2,266-80.8% | $1,882-76.9% |
| Participant deferral / active EE | $0 | $2,950-100.0% | $3,560-100.0% | $3,022-100.0% |
| Admin fee / account holder | $0 | $527-100.0% | $4,821-100.0% | $592-100.0% |