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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2 years Filed as: ALERUS RETIREMENT SOLUTIONS Service code 19 · EIN 45-6062081 TWO PINE TREE DRIVE · ARDEN HILLS, MN 55112 | Securities Custodian | $4,485 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $58,004 | $31,388+84.8% | $73,550-21.1% | $62,293-6.9% |
| Participation rate | 59.5% | 39.9%+19.7pp | 54.9%+4.6pp | 69.5%-10.0pp |
| Annual return | 18.76% | 25.34%-6.6pp | -15.16%+33.9pp | 28.90%-10.1pp |
| Employer contribution / active EE | $1,152 | $498+131.3% | $1,219-5.5% | $2,042-43.6% |
| Participant deferral / active EE | $3,031 | $1,028+194.7% | $1,804+68.0% | $3,169-4.4% |
| Admin fee / account holder | $48 | $299-83.8% | $2,320-97.9% | $479-89.9% |