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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS Service code 16 · EIN 45-0140105 | Consulting | $25,000 |
Service code 37 · EIN 04-2647786 | Loan Processing | $11,895 |
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $68,932 | $63,905+7.9% | $74,184-7.1% | $57,658+19.6% |
| Participation rate | 94.5% | 79.8%+14.7pp | 76.6%+17.9pp | 70.2%+24.3pp |
| Annual return | 6.29% | 60.60%-54.3pp | 17.74%-11.4pp | 5.13%+1.2pp |
| Employer contribution / active EE | $2,105 | $1,840+14.4% | $2,370-11.2% | $1,974+6.7% |
| Participant deferral / active EE | $6,560 | $3,448+90.3% | $3,550+84.8% | $3,061+114.4% |
| Admin fee / account holder | $113 | $91+24.3% | $5,586-98.0% | $95+19.7% |