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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 | $69,808 |
ALERUS FINANCIAL, N.A.2 years Filed as: ALERUS Service code 15 · EIN 45-6062081 | Recordkeeping | $2,980 |
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 | $116,365 | $91,424+27.3% | $135,942-14.4% | $71,495+62.8% |
| Participation rate | 100.0% | 75.7%+24.3pp | 81.9%+18.1pp | 67.9%+32.1pp |
| Annual return | 24.08% | 29.90%-5.8pp | 68.28%-44.2pp | 28.85%-4.8pp |
| Employer contribution / active EE | $3,708 | $3,704+0.1% | $4,858-23.7% | $2,589+43.2% |
| Participant deferral / active EE | $6,307 | $7,092-11.1% | $7,759-18.7% | $4,291+47.0% |
| Admin fee / account holder | $445 | $1,266-64.8% | $10,764-95.9% | $1,588-72.0% |