Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 4-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 | $19,320 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $28,250 | $84,045-66.4% | $77,361-63.5% | $69,255-59.2% |
| Participation rate | 96.8% | 71.8%+25.0pp | 75.0%+21.8pp | 69.0%+27.8pp |
| Annual return | 16.32% | 12.46%+3.9pp | 1011.54%-995.2pp | 26.73%-10.4pp |
| Employer contribution / active EE | $1,753 | $2,954-40.7% | $2,990-41.4% | $2,645-33.7% |
| Participant deferral / active EE | $4,048 | $3,349+20.9% | $3,911+3.5% | $2,890+40.1% |
| Admin fee / account holder | $48 | $239-80.1% | $5,894-99.2% | $733-93.5% |