Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 9-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS INVESTMENT ADVISORS, INC. Service code 26 · EIN 42-1378382 | Advisory (Participants) | $30,921 |
ALERUS FINANCIAL, N.A.5 years Service code 15 · EIN 45-6062081 | Recordkeeping | $17,824 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,257 | $55,458-0.4% | $76,030-27.3% | $77,762-28.9% |
| Participation rate | 45.2% | 63.6%-18.3pp | 69.1%-23.8pp | 70.6%-25.3pp |
| Annual return | 14.09% | 17.10%-3.0pp | 361.54%-347.4pp | 31.27%-17.2pp |
| Employer contribution / active EE | $1,695 | $1,792-5.4% | $2,688-36.9% | $2,728-37.9% |
| Participant deferral / active EE | $2,316 | $3,454-33.0% | $4,257-45.6% | $4,651-50.2% |
| Admin fee / account holder | $353 | $411-14.0% | $6,421-94.5% | $433-18.4% |