Assets by plan
Share of aggregate retirement assets
Sponsor portfolioTH
ALLETE, INC.
EIN 41-0418150utilitiesLatest filing 2024
Plans
4
Retirement
3
$1.22B assets
Welfare
1
$2.8M premiums
Participants
7,069
30 WEST SUPERIOR STREET - DULUTH, MN 55802218-723-7554allete.comLinkedIn1001-5000 employeesutilities
Retirement portfolio analytics
3 plans aggregated / $1.22B assets / 4,570 participantsRecordkeeper share
DC plan assets by Schedule C recordkeeper
Participants by plan
Active + retired + deferred vested
Benefits portfolio analytics
1 plan / $2.8M premiums / 2,410 covered livesCoverage by line
Premium dollars by benefit type (bundled lines overlap)
- Life$1.6M
- Long-term disability$1.6M
- Stop-loss$1.2M
- Short-term disability$2K
Carrier market share
Premium dollars by Schedule A carrier
56%top
- SUN LIFE ASSURANCE COMPANY OF CANADA56%
- HCC LIFE INSURANCE COMPANY44%
- UNUM LIFE INSURANCE COMPANY OF AMERICA0%
- UNITEDHEALTHCARE INSURANCE COMPANY0%
Broker market share
Schedule A broker compensation
88%top
- LOCKTON COMPANIES, LLC88%
- UNITED BEHAVIORAL HEALTH DBA OPTUM12%
- WILLIS TOWERS WATSON US LLC0%
Plan deep-dives
Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.Retirement#002
ALLETE AND AFFILIATED COMPANIES RETIREMENT SAVINGS AND STOCK OWNERSHIP PLAN
ESOP
Assets$605.7M
Participants2,345
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#005
ALLETE & AFFILIATED COMPANIES RETIREMENT PLAN C
TraditionalDB
Assets$421.9M
Participants1,700
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#003
ALLETE AND AFFILIATED COMPANIES RETIREMENT PLAN B
TraditionalDB
Assets$188.0M
Participants525
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#599
ALLETE AND AFFILIATED COMPANIES WELFARE BENEFITS PLAN
Mixed - SUN LIFE ASSURANCE COMPANY OF CANADA
Premiums$2.8M
Covered lives2,410
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Retirement plans3
| Plan # | Name | Type | Assets | Participants | Latest year | |
|---|---|---|---|---|---|---|
| 002 | ALLETE AND AFFILIATED COMPANIES RETIREMENT SAVINGS AND STOCK OWNERSHIP PLAN | ESOP | $605.7M | 2,345 | 2024 | |
| 005 | ALLETE & AFFILIATED COMPANIES RETIREMENT PLAN C | TraditionalDB | $421.9M | 1,700 | 2024 | |
| 003 | ALLETE AND AFFILIATED COMPANIES RETIREMENT PLAN B | TraditionalDB | $188.0M | 525 | 2024 |
Welfare plans1
| Plan # | Name | Funding | Carrier | Premiums | Covered | Latest year | |
|---|---|---|---|---|---|---|---|
| 599 | ALLETE AND AFFILIATED COMPANIES WELFARE BENEFITS PLAN | Mixed | SUN LIFE ASSURANCE COMPANY OF CANADA | $2.8M | 2,410 | 2024 |
Retirement plans
Welfare plans