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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 | $101,672+17.7% | $147,117-18.7% | $74,478+60.7% |
| Participation rate | 96.7% | 75.5%+21.1pp | 82.2%+14.5pp | 67.2%+29.5pp |
| Annual return | 18.07% | 8757.83%-8739.8pp | 420.54%-402.5pp | 1370.56%-1352.5pp |
| Employer contribution / active EE | $4,834 | $3,813+26.8% | $4,932-2.0% | $2,626+84.1% |
| Participant deferral / active EE | $7,495 | $7,305+2.6% | $8,065-7.1% | $4,350+72.3% |
| Admin fee / account holder | $330 | $1,753-81.2% | $12,993-97.5% | $1,946-83.0% |