Filed April 18, 2017 (most recent of 2 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3 years Filed as: ALERUS RETIREMENT SOLUTIONS Service code 15 · EIN 45-0140105 2300 S COLUMBIA ROAD · GRAND FORKS, ND 58201 | Recordkeeping | $25,831 |
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,530 | $30,423+26.6% | $56,025-31.2% | $74,478-48.3% |
| Participation rate | 94.6% | 32.9%+61.7pp | 52.5%+42.1pp | 67.2%+27.3pp |
| Annual return | 14.70% | 24.97%-10.3pp | 1712.69%-1698.0pp | 1370.56%-1355.9pp |
| Employer contribution / active EE | $1,637 | $610+168.2% | $1,042+57.1% | $2,626-37.7% |
| Participant deferral / active EE | $3,287 | $1,176+179.5% | $1,955+68.2% | $4,350-24.4% |
| Admin fee / account holder | $111 | $2,363-95.3% | $2,828-96.1% | $1,946-94.3% |