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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $18,859 |
Annual investment return 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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,270 | $185,342-93.9% | $111,303-89.9% | $86,813-87.0% |
| Participation rate | 95.3% | 81.0%+14.4pp | 77.3%+18.0pp | 72.3%+23.1pp |
| Annual return | 9.06% | 500.80%-491.7pp | 54.66%-45.6pp | 97.93%-88.9pp |
| Employer contribution / active EE | $1,794 | $2,246-20.1% | $2,731-34.3% | $2,406-25.4% |
| Participant deferral / active EE | $0 | $4,458-100.0% | $4,487-100.0% | $4,131-100.0% |
| Admin fee / account holder | $40 | $255-84.4% | $7,966-99.5% | $170-76.5% |