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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS Service code 15 2300 S. COLUMBIA ROAD · GRAND FORKS, ND 58201 | Recordkeeping | $10,624 |
Filed as: CETERA ADVISORS LLC Service code 27 · EIN 84-0858799 200 NORTH SEPULVEDA BOULEVARD · EL SEGUNDO, CA 90245 | Advisory (Plan) | $7,638 |
Service code 15 · EIN 16-1503696 6 RHOADS DRIVE · UTICA, NY 13502 | Recordkeeping | $2,071 |
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 | $26,149 | $60,349-56.7% | $74,184-64.8% | $62,881-58.4% |
| Participation rate | 82.3% | 72.7%+9.6pp | 76.6%+5.7pp | 69.3%+13.0pp |
| Annual return | 3.42% | 21.38%-18.0pp | 17.74%-14.3pp | 20.14%-16.7pp |
| Employer contribution / active EE | $426 | $1,680-74.7% | $2,370-82.0% | $2,281-81.3% |
| Participant deferral / active EE | $2,456 | $2,856-14.0% | $3,550-30.8% | $3,203-23.3% |
| Admin fee / account holder | $207 | $4,261-95.1% | $5,586-96.3% | $4,296-95.2% |