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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $21,241 |
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 | $52,946 | $59,186-10.5% | $76,768-31.0% | $56,287-5.9% |
| Participation rate | 74.8% | 75.2%-0.5pp | 77.0%-2.2pp | 69.9%+4.9pp |
| Annual return | -5.25% | 6.62%-11.9pp | 2.43%-7.7pp | -9.96%+4.7pp |
| Employer contribution / active EE | $1,469 | $1,759-16.5% | $2,485-40.9% | $2,111-30.4% |
| Participant deferral / active EE | $2,005 | $3,255-38.4% | $3,852-47.9% | $3,350-40.2% |
| Admin fee / account holder | $228 | $489-53.3% | $6,675-96.6% | $521-56.2% |