Profit Sharing · DOL Form 5500 · 2024

Alerus Financial, N.a. Profit Sharing Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
N/A
Participants Small participant base
35th
Percentile by assets National rank
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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.

  • #1,946 in Finance & Insurance (8,549 peers)

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.

#1,946
in Finance & Insurance (8,549 peers)
$133K
reported net income

Simplicity Plus Pooled Employer Plan's mid-pack asset rank among Finance & Insurance and all filers

Simplicity Plus Pooled Employer Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$3,158,180 35th percentile higher than 35% of 123,620 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 2024

Filed plans by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets.

EBSA filing schedule strip

Filing strip 450140105 · Alerus Financial, N.a. PY 2024 · Profit Sharing

Simplicity Plus Pooled Employer Plan · $3M · N/A · 35th

  • ASSETS $3M
  • ASSETS N/A
  • ASSETS 35th
  • ASSETS Profit Sharing
  • ASSETS near Gray Holdings, Inc. Retirement Plan
  • ASSETS ind #1946

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 →

Simplicity Plus Pooled Employer Plan in the asset neighbourhood

Simplicity Plus Pooled Employer PlanSimplicity Plus Pooled Emplo…$3MGray Holdings, Inc. Retirement PlanGray Holdings, Inc. Retireme…$3MBarbara Rosen Keogh Plan Profit Sharing PlanBarbara Rosen Keogh Plan Pro…$3MCornelia Nixon Davis, Inc. Retirement PlanCornelia Nixon Davis, Inc. R…$3MLou Grasso Associates P/S PlanLou Grasso Associates P/S Pl…$3M
End-of-year total assets ($M) among Simplicity Plus Pooled Employer Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

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

Sponsor-wide plan assets over time

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

Total Assets (Beginning of Year)N/A
Net Assets (End of Year)$3M
Net Income$133K
Employer EIN450140105
Plan Effective Date2024-01-01
Filing StatusFILING 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 Scatter plot of 6 data points. -50005001000 -20020406080 Total assets ($M) Participants Simplicity Plus Pooled Employer Plan, Total assets ($M): 3.15818 · Participants: 0Simplicity Plus Pooled Employer PlanPlumbers & Steamfitters Local No. 300 Pension Plan, Total assets ($M): 74.681636 · Participants: 910Plumbers & Steamfitters Local No. 300 Pension PlanBismarck Mandan Carpenters Local 1091 Tax Deferral, Total assets ($M): 18.588313 · Participants: 924Bismarck Mandan Carpenters Local 1091 Tax DeferralRed River Human Services Foundation Profit Sharing Plan, Total assets ($M): 14.118591 · Participants: 276Red River Human Services Foundation Profit Sharing PlanAsbestos Workers Local 133 Retirement Plan, Total assets ($M): 6.797915 · Participants: 43Asbestos Workers Local 133 Retirement PlanAshley Medical Center Retirement Trust, Total assets ($M): 3.927413 · Participants: 112Ashley Medical Center Retirement Trust
Simplicity Plus Pooled Employer Plan vs. nearby Profit Sharing plans in North Dakota, assets vs. participants
Compare Simplicity Plus Pooled Employer Plan side-by-side with 3 peers →

Simplicity Plus Pooled Employer Plan's closest out-of-state Profit Sharing peers by assets

Outside North Dakota, the nearest Profit Sharing by end-of-year assets is Gray Holdings, Inc. Retirement Plan in NJ at $3M (this filing: $3M).

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).

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.