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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 | $55,423-67.4% | $155,602-88.4% | $74,400-75.7% |
| Participation rate | 100.0% | 61.9%+38.1pp | 78.2%+21.8pp | 67.2%+32.8pp |
| Annual return | 10.62% | 269.07%-258.4pp | 64.81%-54.2pp | 1367.51%-1356.9pp |
| Employer contribution / active EE | $1,719 | $2,266-24.1% | $4,675-63.2% | $2,624-34.5% |
| Participant deferral / active EE | $0 | $2,835-100.0% | $5,629-100.0% | $4,348-100.0% |
| Admin fee / account holder | $101 | $1,744-94.2% | $15,923-99.4% | $1,944-94.8% |