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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3 years Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-6062081 | Recordkeeping | $24,566 |
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,059 | $55,437-67.4% | $155,534-88.4% | $74,459-75.7% |
| Participation rate | 100.0% | 61.9%+38.1pp | 78.2%+21.8pp | 67.2%+32.8pp |
| Annual return | 10.62% | 269.58%-259.0pp | 64.92%-54.3pp | 1369.70%-1359.1pp |
| Employer contribution / active EE | $1,719 | $2,266-24.1% | $4,675-63.2% | $2,626-34.5% |
| Participant deferral / active EE | $0 | $2,837-100.0% | $5,630-100.0% | $4,350-100.0% |
| Admin fee / account holder | $101 | $1,742-94.2% | $15,900-99.4% | $1,945-94.8% |