401(k) · DOL Form 5500 · 2022

Alerus Financial 401(k) Plan

Data updated 2026-08-11

$152M
Total assets
808
Participants
95th
Percentile by assets
$188,526
Avg per participant
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Official DOL plan name: Alerus Financial Corporation Safe Harbor 401(k) Plan · Sponsored by Alerus Financial · North Dakota · Finance & Insurance

$152M in assets, 808 participants

Alerus Financial's Alerus Financial Corporation Safe Harbor 401(k) Plan reported $152M in total assets and 808 participants in its 2022 DOL Form 5500 filing, ranking in the 95th 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.

  • 95th percentile by assets (of 139,126 plans)
  • #8,435 in Finance & Insurance (9,261 peers)

Where Alerus Financial Corporation Safe Harbor 401(k) Plan sits by assets

Alerus Financial Corporation Safe Harbor 401(k) Plan sits in the top 5% of all filed plans by assets, $152M for 808 participants (~$188,526/participant), down 15.7% in 2022.

$152M
total plan assets (2022 EOY)
808
covered participants
95th
percentile by assets (of 139,126 plans)
$188,526
avg assets per participant

The plan reported a net loss of $30M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Alerus Financial Corporation Safe Harbor 401(k) Plan sits by total assets

Alerus Financial Corporation Safe Harbor 401(k) Plan vs every filed plan by assets

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

$152,328,714 Top 5% higher than 95% 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
Finance & Insurance

Alerus Financial Corporation Safe Harbor 401(k) Plan vs the 2022 asset distribution

By assets, Alerus Financial Corporation Safe Harbor 401(k) Plan outranks 95% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 1.5x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$181M
Net Assets (End of Year)$152M
Net Income-$30M
Employer EIN450375407
Plan Effective Date1989-01-01
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 401(k) Plans in North Dakota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Alerus Financial Corporation Safe Harbor 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 0123 Total assets ($B) Participants Alerus Financial Cor…, Total assets ($B): 0.152328714 · Participants: 808Alerus Financial Cor…Sanford Retirement S…, Total assets ($B): 2.448470251 · Participants: 30145Sanford Retirement S…Mdu Resources Group,…, Total assets ($B): 1.321268405 · Participants: 8525Mdu Resources Group,…Dakotas Areawide IBE…, Total assets ($B): 0.446081759 · Participants: 3784Dakotas Areawide IBE…Eide Bailly LLP 401(…, Total assets ($B): 0.410790544 · Participants: 2612Eide Bailly LLP 401(…Offutt Companies 401…, Total assets ($B): 0.402778064 · Participants: 5088Offutt Companies 401…
Alerus Financial Corporation Safe Harbor 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare Alerus Financial Corporation Safe Harbor… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Alerus Financial Corporation Safe Harbor 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Alerus Financial Corporation Safe Harbor 401(k) Plan assets move in 2022? ▼
Alerus Financial Corporation Safe Harbor 401(k) Plan declined sharply - down 15.7% during 2022, from $181M to $152M. Reported net income was -$30M.
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 Corporation Safe Harbor 401(k) Plan rank by assets among Form 5500 filers? ▼
Alerus Financial Corporation Safe Harbor 401(k) Plan ranks in the 95th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Alerus Financial Corporation Safe Harbor 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Press Ganey Associates LLC 401(k) Profit Sharing Plan and Trust in IN ($152M, 1,655 participants).

Next read for Alerus Financial Corporation Safe Harbor…

Scale reading

Ways to act on Alerus Financial Corporation Safe Harbor 401(k) 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.