Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $335 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $6,758 | $30,147-77.6% | $58,561-88.5% | $80,157-91.6% |
| Participation rate | 5.7% | 34.4%-28.7pp | 50.9%-45.2pp | 72.9%-67.2pp |
| Annual return | 0.00% | 21.97%-22.0pp | 4251.33%-4251.3pp | 40.39%-40.4pp |
| Employer contribution / active EE | $49 | $528-90.7% | $1,053-95.3% | $2,977-98.3% |
| Participant deferral / active EE | $340 | $1,249-72.8% | $1,923-82.3% | $5,015-93.2% |
| Admin fee / account holder | $2 | $195-98.7% | $2,520-99.9% | $145-98.3% |