401(k) · DOL Form 5500 · 2024

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

Data updated 2026-08-25

$1M
Total assets Small plan by assets
34
Participants Small participant base
26th
Percentile by assets National rank
$40,384
Avg per participant Low 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

$1M in assets, 34 participants

Alerus Finanical, N.a.'s Benefit Focused Pooled Employer Plan reported $1M in total assets and 34 participants in its 2024 DOL Form 5500 filing, ranking in the 26th 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.

  • #1,331 in Finance & Insurance (8,549 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 $1M / 34 participants.

#1,331
in Finance & Insurance (8,549 peers)
+73.6%
assets growth YoY

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 2024 · DOL Form 5500

$1,373,067 26th percentile higher than 26% 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

Benefit Focused Pooled Employer Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Benefit Focused Pooled Employer Plan is a small filing (34 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Benefit Focused Pooled Employer Plan reported participants rose from 1 in the plan year 2023 filing to 34 in the plan year 2024 filing.
  • Benefit Focused Pooled Employer Plan reported net income rose from $317K in the plan year 2023 filing to $582K in the plan year 2024 filing.
  • Benefit Focused Pooled Employer Plan end-of-year assets rose from $791K in the plan year 2023 filing to $1M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 450140105 · Alerus Finanical, N.a. PY 2024 · 401(k)

Benefit Focused Pooled Employer Plan · $1M · 34 · 26th

  • IND $1M
  • EOY 34
  • 5500 26th
  • ASSETS 401(k)
  • PCT near Xact Tech, Inc. 401(k) Plan
  • EIN ind #1331

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…$1MXact Tech, Inc. 401(k) Plan$1MMansfield Equities, Inc. 401(k) Profit Sharing PlanMansfield Equities, Inc. 401…$1MPaws Pet Resort and Spa, LLC 401(k) PlanPaws Pet Resort and Spa, LLC…$1MClevefit Corp. 401(k) Profit Sharing PlanClevefit Corp. 401(k) Profit…$1M
End-of-year total assets ($M) among Benefit Focused Pooled Employer Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

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 (2024)

Total Assets (Beginning of Year)$791K
Net Assets (End of Year)$1M
Net Income$582K
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): 0.001373067 · Participants: 34Benefit Focused Pooled Employer PlanSanford Retirement Savings Plan, Total assets ($B): 3.602462001 · Participants: 31958Sanford Retirement Savings PlanKnife River Corporation 401(k) Retirement Plan, Total assets ($B): 0.856387415 · Participants: 5327Knife River Corporation 401(k) Retirement PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.775551136 · Participants: 3465Mdu Resources Group, Inc. 401(k) Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.615317303 · Participants: 2920Eide Bailly LLP 401(k) Profit Sharing PlanOffutt Companies 401(k) Savings Plan, Total assets ($B): 0.591992052 · Participants: 5199Offutt Companies 401(k) Savings 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 Xact Tech, Inc. 401(k) Plan in NH ($1M); by covered participants it is Therapy Rehabilitation Services, Inc.-Education 401(k) Plan in AZ (34 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (34 participants); asset peers above are excluded.

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 did Benefit Focused Pooled Employer Plan assets move in 2024? ▼
Benefit Focused Pooled Employer Plan surged - up 73.6% during 2024, from $791K to $1M. Reported net income was $582K.
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.
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 Xact Tech, Inc. 401(k) Plan in NH ($1M, 33 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 Therapy Rehabilitation Services, Inc.-Education 401(k) Plan in AZ (34 participants, $1M in assets).

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.