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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3+ years Filed as: ALERUS FINANCIAL, NA Service code 15 · EIN 45-6062081 | Recordkeeping | $110,956 |
GREERWALKER LLP3+ years Service code 10 · EIN 56-1434747 | Accounting | $0 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,606 | $103,024-60.6% | $112,040-63.8% | $79,634-49.0% |
| Participation rate | 82.9% | 80.6%+2.4pp | 76.5%+6.5pp | 62.5%+20.5pp |
| Annual return | 13.78% | 17.60%-3.8pp | 24.52%-10.7pp | 36.46%-22.7pp |
| Employer contribution / active EE | $1,969 | $3,015-34.7% | $2,954-33.4% | $2,529-22.2% |
| Participant deferral / active EE | $5,128 | $5,233-2.0% | $5,098+0.6% | $3,835+33.7% |
| Admin fee / account holder | $240 | $465-48.3% | $12,098-98.0% | $1,002-76.0% |