Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 8-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.8+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $28,162 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,133 | $58,969-62.5% | $129,406-82.9% | $77,762-71.5% |
| Participation rate | 19.1% | 59.5%-40.4pp | 69.6%-50.6pp | 70.6%-51.5pp |
| Annual return | 18.80% | 24.78%-6.0pp | 9468.18%-9449.4pp | 31.27%-12.5pp |
| Employer contribution / active EE | $0 | $1,959-100.0% | $4,155-100.0% | $2,728-100.0% |
| Participant deferral / active EE | $737 | $3,224-77.1% | $4,167-82.3% | $4,651-84.2% |
| Admin fee / account holder | $125 | $593-79.0% | $7,689-98.4% | $433-71.2% |