Assets by plan
Share of aggregate retirement assets
Sponsor portfolio
ALERUS FINANCIAL
EIN 45-0140105Latest filing 2025
Plans
7
Retirement
2
$4.5M assets
Welfare
5
$974K premiums
Participants
729
2300 SOUTH COLUMBIA ROAD - GRAND FORKS, ND 58201701-795-3200
Retirement portfolio analytics
2 plans aggregated / $4.5M assets / 94 participantsParticipants by plan
Active + retired + deferred vested
Benefits portfolio analytics
5 plans / $974K premiums / 1,680 covered livesCoverage by line
Premium dollars by benefit type (bundled lines overlap)
- Other$858K
- Life$578K
- Long-term disability$578K
- Short-term disability$280K
- Vision$116K
Carrier market share
Premium dollars by Schedule A carrier
88%top
- HARTFORD LIFE AND ACCIDENT88%
- VISION SERVICE PLAN12%
Broker market share
Schedule A broker compensation
68%top
- HOLMES MURPHY & ASSOCIATES68%
- BROWN & BROWN INSURANCE SERVICES32%
Plan deep-dives
Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.Retirement#008
SIMPLICITY PLUS POOLED EMPLOYER PLAN
403b
Assets$3.2M
Participants50
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#004
BENEFIT FOCUSED POOLED EMPLOYER PLAN
401k
Assets$1.4M
Participants44
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#507
ALERUS FINANCIAL LIFE/AD&D/LTD INSURANCE PLAN
Fully Insured - HARTFORD LIFE AND ACCIDENT
Premiums$578K
Covered lives827
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#506
ALERUS FINANCIAL CAFETERIA PLAN
Mixed - HARTFORD LIFE AND ACCIDENT
Premiums$280K
Covered lives291
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#502
ALERUS FINANCIAL SELF INSURED HEALTH PLAN
Mixed - VISION SERVICE PLAN
Premiums$116K
Covered lives562
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#505
ALERUS FINANCIAL DENTAL PLAN
Self Funded
Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#508
ALERUS FINANCIAL FLEXIBLE SPENDING ACCOUNT
Self Funded
Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Retirement plans2
| Plan # | Name | Type | Assets | Participants | Latest year | |
|---|---|---|---|---|---|---|
| 008 | SIMPLICITY PLUS POOLED EMPLOYER PLAN | 403b | $3.2M | 50 | 2024 | |
| 004 | BENEFIT FOCUSED POOLED EMPLOYER PLAN | 401k | $1.4M | 44 | 2024 |
Welfare plans5
| Plan # | Name | Funding | Carrier | Premiums | Covered | Latest year | |
|---|---|---|---|---|---|---|---|
| 507 | ALERUS FINANCIAL LIFE/AD&D/LTD INSURANCE PLAN | Fully Insured | HARTFORD LIFE AND ACCIDENT | $578K | 827 | 2025 | |
| 506 | ALERUS FINANCIAL CAFETERIA PLAN | Mixed | HARTFORD LIFE AND ACCIDENT | $280K | 291 | 2025 | |
| 502 | ALERUS FINANCIAL SELF INSURED HEALTH PLAN | Mixed | VISION SERVICE PLAN | $116K | 562 | 2025 | |
| 505 | ALERUS FINANCIAL DENTAL PLAN | Self Funded | - | $0 | 0 | 2025 | |
| 508 | ALERUS FINANCIAL FLEXIBLE SPENDING ACCOUNT | Self Funded | - | $0 | 0 | 2025 |
Retirement plans
Welfare plans