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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $6,886 |
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 | $34,975 | $41,854-16.4% | $73,845-52.6% | $52,331-33.2% |
| Participation rate | 96.1% | 66.2%+29.8pp | 73.4%+22.6pp | 68.1%+28.0pp |
| Annual return | 2.94% | 2.11%+0.8pp | 2267.91%-2265.0pp | 4.54%-1.6pp |
| Employer contribution / active EE | $4,162 | $1,920+116.7% | $2,788+49.3% | $1,882+121.2% |
| Participant deferral / active EE | $3,026 | $2,498+21.1% | $3,583-15.6% | $3,022+0.1% |
| Admin fee / account holder | $22 | $493-95.6% | $4,881-99.6% | $592-96.3% |