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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.5 years Service code 15 · EIN 45-6062081 | Recordkeeping | $11,717 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $72,941 | $73,638-0.9% | $95,956-24.0% | $73,493-0.8% |
| Participation rate | 69.2% | 76.2%-6.9pp | 77.1%-7.8pp | 70.7%-1.5pp |
| Annual return | 14.96% | 16.78%-1.8pp | 91.63%-76.7pp | 28.51%-13.5pp |
| Employer contribution / active EE | $1,592 | $1,863-14.5% | $2,541-37.3% | $2,270-29.9% |
| Participant deferral / active EE | $2,209 | $3,617-38.9% | $4,167-47.0% | $3,740-40.9% |
| Admin fee / account holder | $250 | $482-48.1% | $6,797-96.3% | $513-51.3% |