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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 | $81,358+107.2% | $155,556+8.4% | $80,959+108.2% |
| Participation rate | 100.0% | 66.3%+33.7pp | 78.2%+21.8pp | 67.7%+32.3pp |
| Annual return | 13.18% | 33.39%-20.2pp | 64.84%-51.7pp | 35.67%-22.5pp |
| Employer contribution / active EE | $10,066 | $3,106+224.0% | $4,675+115.3% | $2,757+265.1% |
| Participant deferral / active EE | $8,523 | $3,455+146.7% | $5,631+51.4% | $4,300+98.2% |
| Admin fee / account holder | $131 | $7,994-98.4% | $15,885-99.2% | $6,925-98.1% |