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.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $15,560 |
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.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $51,861 | $63,471-18.3% | $68,808-24.6% | $66,938-22.5% |
| Participation rate | 46.5% | 60.0%-13.5pp | 69.0%-22.5pp | 69.8%-23.3pp |
| Annual return | -17.75% | -8.29%-9.5pp | -6.37%-11.4pp | 1.58%-19.3pp |
| Employer contribution / active EE | $1,592 | $1,776-10.4% | $2,656-40.1% | $2,545-37.5% |
| Participant deferral / active EE | $2,192 | $2,946-25.6% | $3,942-44.4% | $4,238-48.3% |
| Admin fee / account holder | $310 | $578-46.3% | $4,936-93.7% | $594-47.8% |