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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $2,258 |
ALERUS FINANCIAL, N.A.1 year Service code 37 · EIN 45-0140105 | Loan Processing | $350 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,769 | $99,957-78.2% | $149,730-85.5% | $73,493-70.4% |
| Participation rate | 47.5% | 75.7%-28.2pp | 82.5%-35.0pp | 70.7%-23.2pp |
| Annual return | 42.77% | 53.87%-11.1pp | 276.70%-233.9pp | 28.51%+14.3pp |
| Employer contribution / active EE | $0 | $3,191-100.0% | $4,645-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $4,411 | $6,073-27.4% | $6,843-35.5% | $3,740+18.0% |
| Admin fee / account holder | $23 | $551-95.7% | $9,310-99.7% | $513-95.4% |