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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-6062081 | Recordkeeping | $21,040 |
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 | $29,398 | $39,245-25.1% | $64,105-54.1% | $52,331-43.8% |
| Participation rate | 80.6% | 58.2%+22.4pp | 68.2%+12.4pp | 68.1%+12.5pp |
| Annual return | 0.60% | 14.79%-14.2pp | 791.24%-790.6pp | 4.54%-3.9pp |
| Employer contribution / active EE | $726 | $736-1.4% | $1,820-60.1% | $1,882-61.4% |
| Participant deferral / active EE | $2,765 | $1,992+38.8% | $2,822-2.0% | $3,022-8.5% |
| Admin fee / account holder | $86 | $592-85.5% | $4,499-98.1% | $592-85.5% |