Filed April 18, 2017 (most recent of 2 filings on file)
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| 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 | $30,437+26.6% | $56,033-31.2% | $74,459-48.3% |
| Participation rate | 94.6% | 32.9%+61.7pp | 52.5%+42.1pp | 67.2%+27.3pp |
| Annual return | 14.70% | 24.96%-10.3pp | 1711.38%-1696.7pp | 1369.70%-1355.0pp |
| Employer contribution / active EE | $1,637 | $610+168.4% | $1,041+57.3% | $2,626-37.7% |
| Participant deferral / active EE | $3,287 | $1,176+179.6% | $1,954+68.2% | $4,350-24.4% |
| Admin fee / account holder | $111 | $2,363-95.3% | $2,827-96.1% | $1,945-94.3% |