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.4 years Filed as: ALERUS RETIREMENT SOLUTIONS Service code 64 TWO PINE TREE DRIVE · ARDEN HILLS, MN 55112 | Recordkeeping Fees | $29,999 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $43,473 | $65,376-33.5% | $87,104-50.1% | $65,185-33.3% |
| Participation rate | 51.2% | 75.3%-24.2pp | 76.9%-25.7pp | 70.2%-19.0pp |
| Annual return | 16.87% | 31.27%-14.4pp | 28.19%-11.3pp | 29.38%-12.5pp |
| Employer contribution / active EE | $1,549 | $1,822-15.0% | $2,521-38.5% | $2,177-28.8% |
| Participant deferral / active EE | $2,157 | $3,388-36.3% | $4,048-46.7% | $3,514-38.6% |
| Admin fee / account holder | $405 | $520-22.0% | $7,491-94.6% | $847-52.1% |