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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 | $62,166-98.7% | $81,286-99.0% | $74,429-98.9% |
| Participation rate | 90.5% | 64.1%+26.5pp | 69.5%+21.0pp | 67.2%+23.3pp |
| Annual return | -108.96% | 16.50%-125.5pp | 24.80%-133.8pp | 1368.38%-1477.3pp |
| Employer contribution / active EE | $2,270 | $1,881+20.7% | $2,463-7.8% | $2,625-13.5% |
| Participant deferral / active EE | $4,515 | $3,223+40.1% | $3,883+16.3% | $4,348+3.8% |
| Admin fee / account holder | $150 | $1,925-92.2% | $5,764-97.4% | $1,944-92.3% |