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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $3,085 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $6,409 | $43,344-85.2% | $59,899-89.3% | $64,173-90.0% |
| Participation rate | 100.0% | 69.2%+30.8pp | 74.7%+25.3pp | 69.6%+30.4pp |
| Annual return | -2.37% | -1.55%-0.8pp | 3.46%-5.8pp | 7.63%-10.0pp |
| Employer contribution / active EE | $396 | $2,030-80.5% | $2,723-85.4% | $2,381-83.4% |
| Participant deferral / active EE | $1,166 | $2,547-54.2% | $3,402-65.7% | $3,470-66.4% |
| Admin fee / account holder | $7 | $3,008-99.8% | $3,592-99.8% | $4,887-99.9% |