ESOP · DOL Form 5500 · 2022

Alerus Financial ESOP

Data updated 2026-08-11

$30M
Total assets
730
Participants
83rd
Percentile by assets
$41,126
Avg per participant
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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.

  • 83rd percentile by assets (of 139,126 plans)
  • #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.

$30M
total plan assets (2022 EOY)
730
covered participants
83rd
percentile by assets (of 139,126 plans)
$41,126
avg assets per participant

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.

Where Alerus Financial Employee Stock Ownership Plan sits 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 $2,010,000,000 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

State
North Dakota
Industry
Information & Media

Alerus Financial Employee Stock Ownership Plan vs the 2022 asset distribution

By assets, Alerus Financial Employee Stock Ownership Plan outranks 83% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.3x the national average plan size of $100M (721 average participants).

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)

$160M$180M$200M$220M 202220232024 $182M $216M ▲ +18.5%
Total plan assets by year, all Alerus Financial plans on file
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 ($B) Participants Alerus Financial Emp…, Total assets ($B): 0.030022319 · Participants: 730Alerus Financial Emp…Border States Indust…, Total assets ($B): 1.106185018 · Participants: 2781Border States Indust…Scheels Employee Sto…, Total assets ($B): 0.761655102 · Participants: 3187Scheels Employee Sto…Dakota Supply Group,…, Total assets ($B): 0.234297255 · Participants: 616Dakota Supply Group,…Ulteig, Inc. Employe…, Total assets ($B): 0.137364473 · Participants: 778Ulteig, Inc. Employe…Ulteig, Inc. Employe…, Total assets ($B): 0.137364473 · Participants: 778Ulteig, Inc. Employe…
Alerus Financial Employee Stock Ownership Plan vs. nearby ESOP plans in North Dakota, assets vs. participants
Compare Alerus Financial Employee Stock Ownershi… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Alerus Financial Employee Stock Ownership Plan by total assets, not by location.

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).

Next read for Alerus Financial Employee Stock Ownershi…

Scale reading

Ways to act on Alerus Financial Employee Stock Ownership Plan's numbers.

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.