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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2 years Service code 15 · EIN 45-6062081 | Recordkeeping | $22,431 |
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 | $56,710 | $64,909-12.6% | $82,312-31.1% | $62,293-9.0% |
| Participation rate | 74.0% | 74.9%-0.9pp | 76.9%-2.9pp | 69.5%+4.5pp |
| Annual return | 19.90% | 21.18%-1.3pp | 25.88%-6.0pp | 28.90%-9.0pp |
| Employer contribution / active EE | $1,497 | $1,676-10.7% | $2,428-38.3% | $2,042-26.7% |
| Participant deferral / active EE | $2,157 | $3,103-30.5% | $3,706-41.8% | $3,169-31.9% |
| Admin fee / account holder | $255 | $440-42.0% | $5,608-95.5% | $479-46.8% |