ESOP · DOL Form 5500 · 2024

Alerus Financial ESOP

Data updated 2026-08-25

$24M
Total assets Small plan by assets
744
Participants Near avg headcount
74th
Percentile by assets National rank
$32,386
Avg per participant Low balance/head
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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.

  • #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.

#1,813
in Information & Media (2,822 peers)
-18.1%
assets change YoY

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.

Alerus Financial Corporation Employee Stock Owners's outsized position 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 $2,050,000,000 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

Alerus Financial Corporation Employee Stock Owners among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Alerus Financial Corporation Employee Stock Owners sits mid-pack in the medium band (744 participants).

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 →

Plan-year Form 5500 strip

Filing strip 450375407 · Alerus Financial PY 2024 · ESOP

Alerus Financial Corporation Employee Stock Owners · $24M · 744 · 74th

  • RANK $24M
  • RANK 744
  • RANK 74th
  • RANK ESOP
  • RANK near United Abrasives, Inc. & S.a.I.T. Overseas Trading & Technical Corp Profit Sharing Plan
  • RANK ind #1813

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 What is an ESOP? → · Plans in North Dakota →

Alerus Financial Corporation Employee Stock Owners in the asset neighbourhood

United Abrasives, Inc. & S.a.I.T. Overseas Trading & Technical Corp Profit Sharing PlanUnited Abrasives, Inc. & S.a…$24MAlerus Financial Corporation Employee Stock OwnersAlerus Financial Corporation…$24MEileen Fisher, Inc. Employee Stock Ownership PlanEileen Fisher, Inc. Employee…$24MArgus Companies, Inc. Employee Stock Ownership PlanArgus Companies, Inc. Employ…$24MJocott Brands, Inc. Employee Stock Ownership PlanJocott Brands, Inc. Employee…$24M
End-of-year total assets ($M) among Alerus Financial Corporation Employee Stock Owners and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Alerus Financial multi-year asset trail

Sponsor-wide plan assets over time

All Alerus Financial plans reported in each filing year

Latest sponsor-wide plan assets
$216M 18.540059490641877% vs 2022
2024 filing year
$160M$180M$200M$220M 202220232024 $182M $216M ▲ +18.5%
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 ($B) Participants Alerus Financial Corporation Employee Stock Owners, Total assets ($B): 0.024095426 · Participants: 744Alerus Financial Corporation Employee Stock OwnersBorder States Industries, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.326258119 · Participants: 3256Border States Industries, Inc. Employee Stock Ownership PlanScheels Employee Stock Ownership Plan, Total assets ($B): 0.962968241 · Participants: 5157Scheels Employee Stock Ownership PlanUlteig, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.192805392 · Participants: 1117Ulteig, Inc. Employee Stock Ownership PlanFrontier Precision, Inc Employee Stock Ownership Plan, Total assets ($B): 0.097711974 · Participants: 89Frontier Precision, Inc Employee Stock Ownership PlanKlj Solutions Co Employee Stock Ownership Plan, Total assets ($B): 0.09240993 · Participants: 525Klj Solutions Co Employee Stock Ownership Plan
Alerus Financial Corporation Employee Stock Owners vs. nearby ESOP plans in North Dakota, assets vs. participants
Compare Alerus Financial Corporation Employee Stock Owners side-by-side with 3 peers →

Alerus Financial Corporation Employee Stock Owners's out-of-state ESOP peers by assets and headcount

Outside North Dakota, the nearest ESOP by assets is United Abrasives, Inc. & S.a.I.T. Overseas Trading & Technical Corp Profit Sharing Plan in CT ($24M); by covered participants it is Magnolia Employee Stock Ownership Plan in LA (745 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (744 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 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).
Which ESOP plans cover a similar participant headcount to Alerus Financial Corporation Employee Stock Owners? ▼
Among ESOP plans in other states, the closest by covered participants is Magnolia Employee Stock Ownership Plan in LA (745 participants, $731M 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 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.