401(k) · DOL Form 5500 · 2024

Alerus Financial 401(k) Plan

Data updated 2026-08-25

$192M
Total assets Near avg plan size
729
Participants Near avg headcount
94th
Percentile by assets National rank
$263,462
Avg per participant High balance/head
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Official DOL plan name: Alerus Financial Corporation Safe Harbor 401(k) Plan · Sponsored by Alerus Financial · North Dakota · Finance & Insurance

$192M in assets, 729 participants

Alerus Financial's Alerus Financial Corporation Safe Harbor 401(k) Plan reported $192M in total assets and 729 participants in its 2024 DOL Form 5500 filing, ranking in the 94th 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.

  • #7,749 in Finance & Insurance (8,549 peers)

Where Alerus Financial Corporation Safe Harbor 401(k) Plan sits by assets

Alerus Financial Corporation Safe Harbor 401(k) Plan sits in the top 10% of all filed plans by assets, $192M for 729 participants (~$263,462/participant), up 12.9% in 2024.

#7,749
in Finance & Insurance (8,549 peers)
+12.9%
assets growth YoY
1.9×
vs typical plan assets (national mean)

Alerus Financial Corporation Safe Harbor 401(k) Plan's outsized position by total assets

Alerus Financial Corporation Safe Harbor 401(k) Plan vs every filed plan by assets

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

$192,063,597 Top 6% higher than 94% 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 Safe Harbor 401(k) Plan 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 Safe Harbor 401(k) Plan sits mid-pack in the medium band (729 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Alerus Financial Corporation Safe Harbor 401(k) Plan reported net income rose from $18M in the plan year 2023 filing to $21M in the plan year 2024 filing.
  • Alerus Financial Corporation Safe Harbor 401(k) Plan end-of-year assets rose from $170M in the plan year 2023 filing to $192M in the plan year 2024 filing.
  • Alerus Financial Corporation Safe Harbor 401(k) Plan reported participants fell from 806 in the plan year 2023 filing to 729 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 450375407 · Alerus Financial PY 2024 · 401(k)

Alerus Financial Corporation Safe Harbor 401(k) Plan · $192M · 729 · 94th

  • PART $192M
  • PART 729
  • PART 94th
  • PART 401(k)
  • PART near Advanced Radiology Services, P. C. 401(k) Profit-Sharing Plan
  • PART ind #7749

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 →

Alerus Financial Corporation Safe Harbor 401(k) Plan in the asset neighbourhood

Interface, Inc. Savings and Investment PlanInterface, Inc. Savings and …$192MThe 401(k) Plan$192MAdvanced Radiology Services, P. C. 401(k) Profit-Sharing PlanAdvanced Radiology Services,…$192MAlerus Financial Corporation Safe Harbor 401(k) PlanAlerus Financial Corporation…$192MGlazer's, Inc. Profit Sharing Plan and TrustGlazer's, Inc. Profit Sharin…$192M
End-of-year total assets ($M) among Alerus Financial Corporation Safe Harbor 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$170M
Net Assets (End of Year)$191M
Net Income$21M
Employer EIN450375407
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Alerus Financial)

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

Nearby 401(k) Plans in North Dakota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Alerus Financial Corporation Safe Harbor 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 01234 Total assets ($B) Participants Alerus Financial Corporation Safe Harbor 401(k) Plan, Total assets ($B): 0.192063597 · Participants: 729Alerus Financial Corporation Safe Harbor 401(k) 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
Alerus Financial Corporation Safe Harbor 401(k) Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare Alerus Financial Corporation Safe Harbor 401(k) Plan side-by-side with 3 peers →

Alerus Financial Corporation Safe Harbor 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is Advanced Radiology Services, P. C. 401(k) Profit-Sharing Plan in MI ($192M); by covered participants it is Truck Centers, Inc. 401(k) Plan in IL (729 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($192M here).

Similar participant headcount

Nearest other-state filings by covered participants (729 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 Safe Harbor 401(k) Plan assets move in 2024? ▼
Alerus Financial Corporation Safe Harbor 401(k) Plan grew at a solid clip - up 12.9% during 2024, from $170M to $192M. Reported net income was $21M.
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.
Where does Alerus Financial Corporation Safe Harbor 401(k) Plan rank by assets among Form 5500 filers? ▼
Alerus Financial Corporation Safe Harbor 401(k) Plan ranks in the 94th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Alerus Financial Corporation Safe Harbor 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Advanced Radiology Services, P. C. 401(k) Profit-Sharing Plan in MI ($192M, 396 participants).
Which 401(k) plans cover a similar participant headcount to Alerus Financial Corporation Safe Harbor 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Truck Centers, Inc. 401(k) Plan in IL (729 participants, $68M 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.