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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.7+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $8,005 |
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 | $11,402 | $72,303-84.2% | $86,698-86.8% | $64,819-82.4% |
| Participation rate | 98.3% | 80.4%+17.9pp | 76.6%+21.8pp | 71.5%+26.9pp |
| Annual return | -7.34% | 392.77%-400.1pp | 35.95%-43.3pp | 32.84%-40.2pp |
| Employer contribution / active EE | $1,455 | $2,393-39.2% | $2,837-48.7% | $2,507-42.0% |
| Participant deferral / active EE | $0 | $4,660-100.0% | $4,656-100.0% | $4,311-100.0% |
| Admin fee / account holder | $17 | $174-90.0% | $7,493-99.8% | $188-90.8% |