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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS FINANCIAL NA Service code 15 · EIN 45-6062081 | Recordkeeping | $22,287 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Plan reported a final filing / termination within the last year.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $839 | $62,177-98.7% | $81,370-99.0% | $74,478-98.9% |
| Participation rate | 90.5% | 64.1%+26.5pp | 69.5%+21.0pp | 67.2%+23.3pp |
| Annual return | -108.96% | 16.62%-125.6pp | 24.85%-133.8pp | 1370.56%-1479.5pp |
| Employer contribution / active EE | $2,270 | $1,881+20.7% | $2,464-7.9% | $2,626-13.6% |
| Participant deferral / active EE | $4,515 | $3,219+40.3% | $3,885+16.2% | $4,350+3.8% |
| Admin fee / account holder | $150 | $1,927-92.2% | $5,749-97.4% | $1,946-92.3% |