ESOP · DOL Form 5500 · 2022

Alerus Financial ESOP

Data updated 2026-08-25

$30M
Total assets Below avg plan size
730
Participants Near avg headcount
83rd
Percentile by assets National rank
$41,126
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Alerus Financial Employee Stock Ownership Plan · Sponsored by Alerus Financial · North Dakota · Information & Media

$30M in assets, 730 participants

Alerus Financial's Alerus Financial Employee Stock Ownership Plan reported $30M in total assets and 730 participants in its 2022 DOL Form 5500 filing, ranking in the 83rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #2,202 in Information & Media (2,911 peers)

Where Alerus Financial Employee Stock Ownership Plan sits by assets

Alerus Financial Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $30M for 730 participants (~$41,126/participant), down 23.8% in 2022.

#2,202
in Information & Media (2,911 peers)
-23.8%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Alerus Financial Employee Stock Ownership Plan's outsized position by total assets

Alerus Financial Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$30,022,319 Top 17% higher than 83% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Alerus Financial Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Alerus Financial Employee Stock Ownership Plan sits mid-pack in the medium band (730 participants).

Published 5500 schedule card

Filing strip 450375407 · Alerus Financial PY 2022 · ESOP

Alerus Financial Employee Stock Ownership Plan · $30M · 730 · 83rd

  • BOY $30M
  • SCH 730
  • EBSA 83rd
  • PART ESOP
  • TYPE near Iroquois Paving Corporation Employee Stock Ownership Plan
  • NET ind #2202

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in North Dakota →

Alerus Financial Employee Stock Ownership Plan in the asset neighbourhood

De Corp. Employee Stock Ownership PlanDe Corp. Employee Stock Owne…$30MJcj Employee Stock Ownership PlanJcj Employee Stock Ownership…$30MComsonics, Inc. Employee Stock Ownership TrustComsonics, Inc. Employee Sto…$30MAlerus Financial Employee Stock Ownership PlanAlerus Financial Employee St…$30MIroquois Paving Corporation Employee Stock Ownership PlanIroquois Paving Corporation …$30M
End-of-year total assets ($M) among Alerus Financial Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$30M
Net Income-$7M
Employer EIN450375407
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Alerus Financial)

Sponsor-wide plan assets over time

All Alerus Financial plans reported in each filing year

Latest sponsor-wide plan assets
$216M 18.540059490641877% vs 2022
2024 filing year
$160M$180M$200M$220M 202220232024 $182M $216M ▲ +18.5%
Year Plans Participants Total Assets
2022 2 1,538 $182M
2023 2 1,487 $200M
2024 2 1,473 $216M

Nearby ESOP Plans in North Dakota

Peer ESOP plans, same state, same plan type, ranked by total assets.

Alerus Financial Employee Stock Ownership Plan vs. nearby ESOP plans in North Dakota, assets vs. participants Scatter plot of 6 data points. 01000200030004000 -0.500.511.5 Total assets ($B) Participants Alerus Financial Employee Stock Ownership Plan, Total assets ($B): 0.030022319 · Participants: 730Alerus Financial Employee Stock Ownership PlanBorder States Industries, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.106185018 · Participants: 2781Border States Industries, Inc. Employee Stock Ownership PlanScheels Employee Stock Ownership Plan, Total assets ($B): 0.761655102 · Participants: 3187Scheels Employee Stock Ownership PlanDakota Supply Group, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.234297255 · Participants: 616Dakota Supply Group, Inc. Employee Stock Ownership PlanUlteig, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.137364473 · Participants: 778Ulteig, Inc. Employee Stock Ownership PlanUlteig, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.137364473 · Participants: 778Ulteig, Inc. Employee Stock Ownership Plan
Alerus Financial Employee Stock Ownership Plan vs. nearby ESOP plans in North Dakota, assets vs. participants
Compare Alerus Financial Employee Stock Ownership Plan side-by-side with 3 peers →

Alerus Financial Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside North Dakota, the nearest ESOP by assets is Iroquois Paving Corporation Employee Stock Ownership Plan in IL ($30M); by covered participants it is Building Material Distributors, Inc. Employee Stock Ownership Plan and Trust in CA (733 participants). Same-state nearby plans are listed separately above.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Alerus Financial Employee Stock Ownership Plan assets move in 2022? ▼
Alerus Financial Employee Stock Ownership Plan declined sharply - down 23.8% during 2022, from $39M to $30M. Reported net income was -$7M.
How have Alerus Financial plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Alerus Financial's sponsor-wide assets grew 18.5%, from $182M to $216M.
Where does Alerus Financial Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Alerus Financial Employee Stock Ownership Plan ranks in the 83rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Alerus Financial Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Iroquois Paving Corporation Employee Stock Ownership Plan in IL ($30M, 18 participants).
Which ESOP plans cover a similar participant headcount to Alerus Financial Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Building Material Distributors, Inc. Employee Stock Ownership Plan and Trust in CA (733 participants, $195M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 450375407.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.