Profit Sharing · DOL Form 5500 · 2024

Alerus Financial, N.a. Profit Sharing Plan

Data updated 2026-07-24

$3M
Total assets: N/A
Participants: 35th
Percentile by assets

Official DOL plan name: Simplicity Plus Pooled Employer Plan · Sponsored by Alerus Financial, N.a. · North Dakota · Finance & Insurance

$3M in assets, N/A participants

Alerus Financial, N.a.'s Simplicity Plus Pooled Employer Plan reported $3M in total assets and N/A participants in its 2024 DOL Form 5500 filing, ranking in the 35th 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.

35th percentile by assets (of 116,472 plans)

Alerus Financial, N.a. multi-year trail

Alerus Financial, N.a.'s plans moved +472.9% in assets from 2023 to 2024; this filing shows Simplicity Plus Pooled Employer Plan at $3M / N/A participants.

$3M
total plan assets (2024 EOY): N/A
covered participants: 35th
percentile by assets (of 116,472 plans): $133K
reported net income

State

North Dakota

Industry

Finance & Insurance

Alerus Financial, N.a. across 2 plan years on file

Across the 2 plan years Alerus Financial, N.a. has on file (2023-2024), sponsor-wide plan assets have moved from $791K to $5M, a gain of 472.9%, while reported participants moved from 1 to 34 (+3300.0%).

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

Total plan assets by year, all Alerus Financial, N.a. plans on file

Year	Plans	Participants	Total Assets
2023	1	1	$791K
2024	2	34	$5M

Alerus Financial, N.a. filing trail (2024)

Total Assets (Beginning of Year)	N/A
Net Assets (End of Year)	$3M
Net Income	$133K
Employer EIN	450140105
Plan Effective Date	2024-01-01
Filing Status	FILING RECEIVED

Nearby Profit Sharing Plans in North Dakota

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

Simplicity Plus Pooled Employer Plan vs. nearby Profit Sharing plans in North Dakota, assets vs. participants

Plumbers & Steamfitters Local No. 300 Pension Plan $75M · 910
Bismarck Mandan Carpenters Local 1091 Tax Deferral $19M · 924
Red River Human Services Foundation Profit Sharing Plan $14M · 276
Cole Papers, Inc. Profit Sharing Plan $3M · 153
Timothy J Myron Profit Sharing Plan $2M · 1

Compare Simplicity Plus Pooled Employer Plan side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Simplicity Plus Pooled Employer Plan by total assets, not by location.

Gray Holdings, Inc. Retirement Plan (NJ) $3M · 30
Barbara Rosen Keogh Plan Profit Sharing Plan (NY) $3M · 3
Cornelia Nixon Davis, Inc. Retirement Plan (NC) $3M · 248
Heldt Lumber Co., Inc. Profit Sharing Plan (AZ) $3M · 19

Frequently Asked Questions

How have Alerus Financial, N.a. plan assets changed over time? ▼

Across 2 plan years on file (2023-2024), Alerus Financial, N.a.'s sponsor-wide assets grew 472.9%, from $791K to $5M.

Which Profit Sharing plans are similar in size to Simplicity Plus Pooled Employer Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is Gray Holdings, Inc. Retirement Plan in NJ ($3M, 30 participants).

Next read for Simplicity Plus Pooled Employer Plan

Multi-year trail

Ways to act on Simplicity Plus Pooled Employer Plan's numbers.

By total assets, Simplicity Plus Pooled Employer Plan ranks in the lower half of filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in North Dakota. Compare plans
Alerus Financial, N.a.'s sponsor-wide assets have grown 472.9% since 2023 across 2 plan years on file. More Finance & Insurance plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.