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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.6 years Service code 15 · EIN 45-6062081 | Recordkeeping | $5,568 |
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $61,055 | $88,203-30.8% | $165,100-63.0% | $74,478-18.0% |
| Participation rate | 75.9% | 73.1%+2.8pp | 78.6%-2.7pp | 67.2%+8.7pp |
| Annual return | 12.19% | 17.13%-4.9pp | 70.21%-58.0pp | 1370.56%-1358.4pp |
| Employer contribution / active EE | $2,060 | $2,601-20.8% | $4,348-52.6% | $2,626-21.6% |
| Participant deferral / active EE | $4,068 | $4,505-9.7% | $6,035-32.6% | $4,350-6.5% |
| Admin fee / account holder | $42 | $2,235-98.1% | $12,696-99.7% | $1,946-97.8% |