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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $20,766 |
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 | $54,891 | $63,905-14.1% | $74,184-26.0% | $57,661-4.8% |
| Participation rate | 78.0% | 79.8%-1.7pp | 76.6%+1.4pp | 70.2%+7.8pp |
| Annual return | 22.73% | 60.60%-37.9pp | 17.74%+5.0pp | 5.13%+17.6pp |
| Employer contribution / active EE | $5,677 | $1,840+208.5% | $2,370+139.5% | $1,974+187.6% |
| Participant deferral / active EE | $5,788 | $3,448+67.9% | $3,550+63.1% | $3,061+89.1% |
| Admin fee / account holder | $43 | $91-52.3% | $5,586-99.2% | $95-54.0% |