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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-6062081 PO BOX 6001 · GRAND FORKS, ND 582066001 | Recordkeeping | $9,160 |
Filed as: BENEFIT PLANS PLUS Service code 13 · EIN 43-1829594 11701 BORMAN DR, SUITE 300 · ST. LOUIS, MO 63146 | Contract Administrator | $5,225 |
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 | $168,549 | $81,276+107.4% | $155,574+8.3% | $80,925+108.3% |
| Participation rate | 100.0% | 66.2%+33.8pp | 78.2%+21.8pp | 67.7%+32.3pp |
| Annual return | 13.18% | 33.36%-20.2pp | 64.87%-51.7pp | 35.65%-22.5pp |
| Employer contribution / active EE | $10,066 | $3,103+224.4% | $4,676+115.3% | $2,756+265.2% |
| Participant deferral / active EE | $8,523 | $3,453+146.8% | $5,629+51.4% | $4,299+98.3% |
| Admin fee / account holder | $131 | $7,993-98.4% | $15,914-99.2% | $6,940-98.1% |