Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $25,546 |
ALERUS FINANCIAL, N.A.3+ years Filed as: ALERUS INVESTMENT ADVISORS, INC. Service code 27 · EIN 42-1378382 | Advisory (Plan) | $15,773 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $104,424 | $66,302+57.5% | $110,243-5.3% | $56,287+85.5% |
| Participation rate | 59.6% | 74.9%-15.3pp | 79.8%-20.2pp | 69.9%-10.3pp |
| Annual return | 10.99% | -1.18%+12.2pp | 314.76%-303.8pp | -9.96%+20.9pp |
| Employer contribution / active EE | $650 | $2,047-68.3% | $3,827-83.0% | $2,111-69.2% |
| Participant deferral / active EE | $3,624 | $3,381+7.2% | $4,672-22.4% | $3,350+8.2% |
| Admin fee / account holder | $376 | $698-46.2% | $8,548-95.6% | $521-27.9% |