401(k) · DOL Form 5500 · 2022

Alerus Financial 401(k) Plan

Data updated 2026-08-25

$152M
Total assets Near avg plan size
808
Participants Near avg headcount
95th
Percentile by assets National rank
$188,526
Avg per participant Above avg balance/head
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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.

  • #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.

#8,435
in Finance & Insurance (9,261 peers)
-15.7%
assets change YoY
1.5×
vs typical plan assets (national mean)

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.

Alerus Financial Corporation Safe Harbor 401(k) Plan's outsized position 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 $2,050,000,000 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 Corporation Safe Harbor 401(k) 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 Corporation Safe Harbor 401(k) Plan sits mid-pack in the medium band (808 participants).

DOL schedule card

Filing strip 450375407 · Alerus Financial PY 2022 · 401(k)

Alerus Financial Corporation Safe Harbor 401(k) Plan · $152M · 808 · 95th

  • EIN $152M
  • EIN 808
  • EIN 95th
  • EIN 401(k)
  • EIN near Press Ganey Associates LLC 401(k) Profit Sharing Plan and Trust
  • EIN ind #8435

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 Finance & Insurance retirement plans → · Plans in North Dakota →

Alerus Financial Corporation Safe Harbor 401(k) Plan in the asset neighbourhood

Alerus Financial Corporation Safe Harbor 401(k) PlanAlerus Financial Corporation…$152MPress Ganey Associates LLC 401(k) Profit Sharing Plan and TrustPress Ganey Associates LLC 4…$152MVarnum Profit-Sharing and Retirement Savings PlanVarnum Profit-Sharing and Re…$152MBlue Bell Creameries, Inc. 401(k) PlanBlue Bell Creameries, Inc. 4…$152MEcmc Group 401(k) Plan$152M
End-of-year total assets ($M) among Alerus Financial Corporation Safe Harbor 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

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)

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 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 ($B) Participants Alerus Financial Corporation Safe Harbor 401(k) Plan, Total assets ($B): 0.152328714 · Participants: 808Alerus Financial Corporation Safe Harbor 401(k) PlanSanford Retirement Savings Plan, Total assets ($B): 2.448470251 · Participants: 30145Sanford Retirement Savings PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 1.321268405 · Participants: 8525Mdu Resources Group, Inc. 401(k) Retirement PlanDakotas Areawide IBEW-NECA Savings and Retirement Plan, Total assets ($B): 0.446081759 · Participants: 3784Dakotas Areawide IBEW-NECA Savings and Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.410790544 · Participants: 2612Eide Bailly LLP 401(k) Profit Sharing PlanOffutt Companies 401(k) Savings Plan, Total assets ($B): 0.402778064 · Participants: 5088Offutt Companies 401(k) Savings Plan
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 401(k) Plan side-by-side with 3 peers →

Alerus Financial Corporation Safe Harbor 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Press Ganey Associates LLC 401(k) Profit Sharing Plan and Trust in IN ($152M); by covered participants it is First Security Bancorp 401(k) Plan in AR (808 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($152M here).

Similar participant headcount

Nearest other-state filings by covered participants (808 participants); asset peers above are excluded.

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 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).
Which 401(k) plans cover a similar participant headcount to Alerus Financial Corporation Safe Harbor 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is First Security Bancorp 401(k) Plan in AR (808 participants, $62M 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.