ESOP · DOL Form 5500 · 2024

Alerus Financial ESOP

Data updated 2026-08-11

$24M
Total assets
744
Participants
74th
Percentile by assets
$32,386
Avg per participant
PlainRetire home → About this data

Official DOL plan name: Alerus Financial Corporation Employee Stock Owners · Sponsored by Alerus Financial · North Dakota · Information & Media

$24M in assets, 744 participants

Alerus Financial's Alerus Financial Corporation Employee Stock Owners reported $24M in total assets and 744 participants in its 2024 DOL Form 5500 filing, ranking in the 74th 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.

  • 74th percentile by assets (of 123,622 plans)
  • #1,813 in Information & Media (2,822 peers)

Alerus Financial multi-year trail

Alerus Financial's plans moved +18.5% in assets from 2022 to 2024; this filing shows Alerus Financial Corporation Employee Stock Owners at $24M / 744 participants.

$24M
total plan assets (2024 EOY)
744
covered participants
74th
percentile by assets (of 123,622 plans)
$32,386
avg assets per participant

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Alerus Financial Corporation Employee Stock Owners sits by total assets

Alerus Financial Corporation Employee Stock Owners vs every filed plan by assets

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

$24,095,426 Top 26% higher than 74% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Alerus Financial Corporation Employee Stock Owners reported net income fell from -$590K in the plan year 2023 filing to -$5M in the plan year 2024 filing.
  • Alerus Financial Corporation Employee Stock Owners end-of-year assets fell from $29M in the plan year 2023 filing to $24M in the plan year 2024 filing.
  • Alerus Financial Corporation Employee Stock Owners reported participants rose from 681 in the plan year 2023 filing to 744 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
North Dakota
Industry
Information & Media

Alerus Financial across 3 plan years on file

Across the 3 plan years Alerus Financial has on file (2022-2024), sponsor-wide plan assets have moved from $182M to $216M, a gain of 18.5%, while reported participants moved from 1,538 to 1,473 (-4.2%). Peak year by sponsor assets: 2024 ($216M); trough: 2022 ($182M).

Alerus Financial multi-year asset trail

$160M$180M$200M$220M 202220232024 $182M $216M ▲ +18.5%
Total plan assets by year, all Alerus Financial plans on file
Year Plans Participants Total Assets
2022 2 1,538 $182M
2023 2 1,487 $200M
2024 2 1,473 $216M

Alerus Financial filing trail (2024)

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$24M
Net Income-$5M
Employer EIN450375407
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in North Dakota

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

Alerus Financial Corporation Employee Stock Owners vs. nearby ESOP plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -20000200040006000 -0.500.511.5 Total assets ($B) Participants Alerus Financial Cor…, Total assets ($B): 0.024095426 · Participants: 744Alerus Financial Cor…Border States Indust…, Total assets ($B): 1.326258119 · Participants: 3256Border States Indust…Scheels Employee Sto…, Total assets ($B): 0.962968241 · Participants: 5157Scheels Employee Sto…Ulteig, Inc. Employe…, Total assets ($B): 0.192805392 · Participants: 1117Ulteig, Inc. Employe…Frontier Precision, …, Total assets ($B): 0.097711974 · Participants: 89Frontier Precision, …Klj Solutions Co Emp…, Total assets ($B): 0.09240993 · Participants: 525Klj Solutions Co Emp…
Alerus Financial Corporation Employee Stock Owners vs. nearby ESOP plans in North Dakota, assets vs. participants
Compare Alerus Financial Corporation Employee St… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Alerus Financial Corporation Employee Stock Owners by total assets, not by location.

Frequently Asked Questions

How did Alerus Financial Corporation Employee Stock Owners assets move in 2024? ▼
Alerus Financial Corporation Employee Stock Owners declined sharply - down 18.1% during 2024, from $29M to $24M. Reported net income was -$5M.
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.
Which ESOP plans are similar in size to Alerus Financial Corporation Employee Stock Owners? ▼
Among ESOP plans in other states, the closest by assets is United Abrasives, Inc. & S.a.I.T. Overseas Trading & Technical Corp Profit Sharing Plan in CT ($24M, 108 participants).

Next read for Alerus Financial Corporation Employee St…

Multi-year trail

Ways to act on Alerus Financial Corporation Employee Stock Owners's numbers.

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 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.