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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $12,586 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $24,863 | $37,196-33.2% | $154,111-83.9% | $55,725-55.4% |
| Participation rate | 38.3% | 64.1%-25.8pp | 83.0%-44.7pp | 70.9%-32.5pp |
| Annual return | 9.52% | 1319.68%-1310.2pp | 735.18%-725.7pp | 244.93%-235.4pp |
| Employer contribution / active EE | $489 | $1,614-69.7% | $5,298-90.8% | $2,078-76.5% |
| Participant deferral / active EE | $985 | $2,068-52.4% | $5,081-80.6% | $3,356-70.7% |
| Admin fee / account holder | $109 | $102+6.8% | $13,411-99.2% | $115-5.8% |