401(k) · DOL Form 5500 · 2023

Alerus Finanical, N.a. 401(k) Plan

Data updated 2026-08-25

$791K
Total assets Small plan by assets
1
Participants Small participant base
22nd
Percentile by assets National rank
$790,937
Avg per participant High balance/head
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Official DOL plan name: Benefit Focused Pooled Employer Plan · Sponsored by Alerus Finanical, N.a. · North Dakota · Finance & Insurance

$791K in assets, 1 participants

Alerus Finanical, N.a.'s Benefit Focused Pooled Employer Plan reported $791K in total assets and 1 participant in its 2023 DOL Form 5500 filing, ranking in the 22nd 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.

  • #1,199 in Finance & Insurance (8,869 peers)

Alerus Finanical, N.a. multi-year trail

Alerus Finanical, N.a.'s plans moved +472.9% in assets from 2023 to 2024; this filing shows Benefit Focused Pooled Employer Plan at $791K / 1 participant.

#1,199
in Finance & Insurance (8,869 peers)
$317K
reported net income

Benefit Focused Pooled Employer Plan among the smaller filed plans by assets

Benefit Focused Pooled Employer Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$790,937 22nd percentile higher than 22% of 127,068 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 2023

Benefit Focused Pooled Employer Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Benefit Focused Pooled Employer Plan is a micro filing (1 participant), the leftmost band.

Plan-year Form 5500 strip

Filing strip 450140105 · Alerus Finanical, N.a. PY 2023 · 401(k)

Benefit Focused Pooled Employer Plan · $791K · 1 · 22nd

  • SCH $791K
  • SCH 1
  • SCH 22nd
  • SCH 401(k)
  • SCH near Cedar Creek Range Inc 401(k) Plan
  • SCH ind #1199

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 →

Benefit Focused Pooled Employer Plan in the asset neighbourhood

Benefit Focused Pooled Employer PlanBenefit Focused Pooled Emplo…$791KCedar Creek Range Inc 401(k) PlanCedar Creek Range Inc 401(k)…$791KTwo on Seven Squared Inc 401(k) Profit Sharing Plan & TrustTwo on Seven Squared Inc 401…$791KDantex General Contractors, Inc. Retirement PlanDantex General Contractors, …$791KEagle Delivery, Inc. 401(k) PlanEagle Delivery, Inc. 401(k) …$791K
End-of-year total assets ($M) among Benefit Focused Pooled Employer Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Alerus Finanical, N.a. multi-year asset trail

Sponsor-wide plan assets over time

All Alerus Finanical, N.a. plans reported in each filing year

Latest sponsor-wide plan assets
$5M 472.89607136851606% vs 2023
2024 filing year
$0M$2M$4M$6M 20232024 $0.79M $4.53M ▲ +473.4%
Year Plans Participants Total Assets
2023 1 1 $791K
2024 2 34 $5M

Alerus Finanical, N.a. filing trail (2023)

Total Assets (Beginning of Year)N/A
Net Assets (End of Year)$791K
Net Income$317K
Employer EIN450140105
Plan Effective Date2023-05-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in North Dakota

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

Benefit Focused Pooled Employer Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants Benefit Focused Pooled Employer Plan, Total assets ($B): 0.000790937 · Participants: 1Benefit Focused Pooled Employer PlanSanford Retirement Savings Plan, Total assets ($B): 3.110361496 · Participants: 30495Sanford Retirement Savings PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.829880488 · Participants: 8551Mdu Resources Group, Inc. 401(k) Retirement PlanKnife River Corporation 401(k) Retirement Plan, Total assets ($B): 0.7412361 · Participants: 5269Knife River Corporation 401(k) Retirement PlanDakotas Areawide IBEW-NECA Savings and Retirement Plan, Total assets ($B): 0.521170291 · Participants: 3853Dakotas Areawide IBEW-NECA Savings and Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.512524705 · Participants: 2920Eide Bailly LLP 401(k) Profit Sharing Plan
Benefit Focused Pooled Employer Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare Benefit Focused Pooled Employer Plan side-by-side with 3 peers →

Benefit Focused Pooled Employer Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Cedar Creek Range Inc 401(k) Plan in NJ ($791K); by covered participants it is Beandel, Inc. 401(k) Profit Sharing Plan in UT (1 participant). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1 participant); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How have Alerus Finanical, N.a. plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), Alerus Finanical, N.a.'s sponsor-wide assets grew 472.9%, from $791K to $5M.
Where does Benefit Focused Pooled Employer Plan rank by assets among Form 5500 filers? ▼
Benefit Focused Pooled Employer Plan ranks in the 22nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which 401(k) plans are similar in size to Benefit Focused Pooled Employer Plan? ▼
Among 401(k) plans in other states, the closest by assets is Cedar Creek Range Inc 401(k) Plan in NJ ($791K, N/A participants).
Which 401(k) plans cover a similar participant headcount to Benefit Focused Pooled Employer Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Beandel, Inc. 401(k) Profit Sharing Plan in UT (1 participant, $458 in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 450140105.

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.