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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $17,069 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $15,278 | $55,453-72.4% | $170,439-91.0% | $62,293-75.5% |
| Participation rate | 100.0% | 66.4%+33.6pp | 83.6%+16.4pp | 69.5%+30.5pp |
| Annual return | 7.46% | 21.38%-13.9pp | 205.94%-198.5pp | 28.90%-21.4pp |
| Employer contribution / active EE | $1,309 | $2,164-39.5% | $5,433-75.9% | $2,042-35.9% |
| Participant deferral / active EE | $0 | $2,303-100.0% | $4,939-100.0% | $3,169-100.0% |
| Admin fee / account holder | $61 | $455-86.7% | $13,881-99.6% | $479-87.4% |