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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $22,670 |
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 | $44,346 | $60,165-26.3% | $74,184-40.2% | $55,167-19.6% |
| Participation rate | 75.0% | 74.2%+0.8pp | 76.6%-1.6pp | 69.0%+6.0pp |
| Annual return | 11.29% | 10.00%+1.3pp | 17.74%-6.4pp | 169.23%-157.9pp |
| Employer contribution / active EE | $1,411 | $1,600-11.8% | $2,370-40.5% | $1,963-28.1% |
| Participant deferral / active EE | $1,965 | $2,973-33.9% | $3,550-44.6% | $3,054-35.6% |
| Admin fee / account holder | $255 | $419-39.3% | $5,586-95.4% | $504-49.5% |