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| Provider | Service type | Compensation |
|---|---|---|
Filed as: SECURIAN FINANCIAL SERVICES, INC. Service code 55 400 ROBERT STREET NORTH · ST. PAUL, MN 55101 | Other Commissions | $61,642 |
ALERUS FINANCIAL, N.A.3 years Filed as: ALERUS Service code 15 · EIN 45-6062081 | Recordkeeping | $2,030 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $119,650 | $101,499+17.9% | $147,005-18.6% | $74,546+60.5% |
| Participation rate | 96.7% | 75.5%+21.2pp | 82.2%+14.5pp | 67.2%+29.5pp |
| Annual return | 18.07% | 8732.34%-8714.3pp | 418.76%-400.7pp | 1366.03%-1348.0pp |
| Employer contribution / active EE | $4,834 | $3,811+26.8% | $4,934-2.0% | $2,624+84.2% |
| Participant deferral / active EE | $7,495 | $7,304+2.6% | $8,070-7.1% | $4,347+72.4% |
| Admin fee / account holder | $330 | $1,748-81.1% | $13,006-97.5% | $1,944-83.0% |