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.4 years Service code 15 · EIN 45-6062081 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $57,903 | $51,166+13.2% | $70,544-17.9% | $71,511-19.0% |
| Participation rate | 50.0% | 59.4%-9.4pp | 68.4%-18.4pp | 67.9%-17.9pp |
| Annual return | 18.36% | 42.71%-24.4pp | 32.79%-14.4pp | 28.86%-10.5pp |
| Employer contribution / active EE | $1,594 | $1,793-11.1% | $2,976-46.4% | $2,589-38.4% |
| Participant deferral / active EE | $2,104 | $3,031-30.6% | $4,568-53.9% | $4,291-51.0% |
| Admin fee / account holder | $273 | $2,000-86.3% | $6,427-95.7% | $1,588-82.8% |