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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $39,561 |
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $7,404 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $12,926 | $48,261-73.2% | $68,793-81.2% | $55,725-76.8% |
| Participation rate | 96.5% | 71.0%+25.5pp | 72.2%+24.3pp | 70.9%+25.7pp |
| Annual return | -3.69% | -2.61%-1.1pp | -4.63%+0.9pp | 244.93%-248.6pp |
| Employer contribution / active EE | $1,870 | $1,742+7.3% | $2,625-28.8% | $2,078-10.0% |
| Participant deferral / active EE | $3,143 | $2,712+15.9% | $3,311-5.1% | $3,356-6.3% |
| Admin fee / account holder | $60 | $126-52.2% | $5,131-98.8% | $115-47.7% |