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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.4 years Filed as: ALERUS Service code 16 · EIN 45-0140105 | Consulting | $16,500 |
Service code 37 · EIN 04-2647786 | Loan Processing | $12,040 |
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 | $94,165 | $73,404+28.3% | $87,103+8.1% | $67,582+39.3% |
| Participation rate | 90.1% | 80.9%+9.2pp | 76.9%+13.2pp | 71.3%+18.8pp |
| Annual return | 22.75% | 48.29%-25.5pp | 28.19%-5.4pp | 378.57%-355.8pp |
| Employer contribution / active EE | $1,952 | $2,014-3.1% | $2,521-22.6% | $2,148-9.1% |
| Participant deferral / active EE | $5,881 | $3,913+50.3% | $4,049+45.3% | $3,539+66.1% |
| Admin fee / account holder | $89 | $142-37.2% | $7,491-98.8% | $142-37.5% |