Filings through .
Alerus Financial, N.A.
Matched across 48 name variants in the filings
Alerus Financial, N.A. summary
Alerus Financial, N.A. appears on 447 retirement plans in Form 5500 Schedule C filings through plan year 2024. Those plans hold $13.9B in assets for 220,721 participants. The median client plan holds $15.8M. Most client plans are sponsored in MN, WI and ND. The largest clients by plan assets are Eide Bailly LLP, Jane Street Group, LLC and Applied Research Associates, Inc.. Plans reported $23.5M in direct and indirect compensation paid to Alerus Financial, N.A.. The median is $34K per plan.
- Participants
- 220,721
- Median plan assets
- $15.8M
- Median plan participants
- 257
- Median fees per plan
- $34K
- Schedule C direct + indirect
Top 25 client plans by assets
Latest Form 5500 filing per plan through 2024
| Sponsor | State | Assets | Participants |
|---|---|---|---|
| Eide Bailly LLP | ND | $705M | 4,210 |
| Jane Street Group, LLC | NY | $687M | 2,421 |
| Applied Research Associates, Inc. | NM | $611M | 2,452 |
| Altru Health System | ND | $545M | 4,382 |
| Avi Systems, Inc. | KS | $442M | 2,048 |
| Access Plans, LLC, plan 006 | TX | $321M | 11,198 |
| The American Society for the Prevention of Cruelty to Animals | NY | $191M | 1,671 |
| Miron Construction Co., Inc. | WI | $152M | 572 |
| Performance Contractors, Inc. | LA | $150M | 7,159 |
| FS Brands, Inc. | MA | $149M | 4,887 |
| Noran Neurological Clinic, P.A. | MN | $144M | 293 |
| Superior Industries, Inc. | MN | $138M | 1,698 |
| Dacotah Banks, Inc. | SD | $132M | 793 |
| Brandt Holdings Company | ND | $131M | 2,042 |
| Thanexus, Inc. | NJ | $130M | 465 |
| Education Minnesota | MN | $129M | 409 |
| Knight Hawk Coal, LLC | IL | $127M | 454 |
| Shields Health Solutions Holdings, LLC | MA | $124M | 3,488 |
| Access Plans LLC, plan 005 | TX | $121M | 8,521 |
| Yankton Medical Clinic P.C. | SD | $109M | 432 |
| Signature Medical Group, Inc. | MO | $104M | 549 |
| Advanced Engineering and Environmental Services, LLC | ND | $103M | 544 |
| Dominium Management Services, LLC | MN | $98.2M | 1,514 |
| Upland Hills Health, Inc. | WI | $93.4M | 482 |
| Brown, Edwards & Company, L.L.P. | VA | $89.5M | 555 |
- Eide Bailly LLP$705MNDParticipants 4,210
- NYParticipants 2,421
- NMParticipants 2,452
- Altru Health System$545MNDParticipants 4,382
- Avi Systems, Inc.$442MKSParticipants 2,048
- TXParticipants 11,198
- NYParticipants 1,671
- WIParticipants 572
- LAParticipants 7,159
- FS Brands, Inc.$149MMAParticipants 4,887
- MNParticipants 293
- MNParticipants 1,698
- Dacotah Banks, Inc.$132MSDParticipants 793
- NDParticipants 2,042
- Thanexus, Inc.$130MNJParticipants 465
- Education Minnesota$129MMNParticipants 409
- ILParticipants 454
- MAParticipants 3,488
- TXParticipants 8,521
- SDParticipants 432
- MOParticipants 549
- NDParticipants 544
- MNParticipants 1,514
- WIParticipants 482
- VAParticipants 555
Top client states
- MN85 plans
- WI51 plans
- ND38 plans
- MI29 plans
- PA25 plans
Frequently asked questions
- Who uses Alerus Financial, N.A.?
- 447 retirement plans list Alerus Financial, N.A. as a service provider on Schedule C of Form 5500. The largest clients by plan assets include Eide Bailly LLP, Jane Street Group, LLC, Applied Research Associates, Inc., Altru Health System and Avi Systems, Inc.. Most client plans are sponsored in MN, WI and ND.
- How many plans does Alerus Financial, N.A. serve?
- Alerus Financial, N.A. serves 447 retirement plans with $13.9B in plan assets and 220,721 participants, based on the latest Form 5500 filings through 2024.
- What does Alerus Financial, N.A. charge?
- Plans reported $23.5M in total Schedule C compensation paid to Alerus Financial, N.A.. The median plan paid $34K. Fees vary with plan size and the services each plan buys.
Analytics
Market position · 2024
See full Alerus Financial, N.A. analytics with Pro. Pro is free for 7 days and then costs $49 a month.
- 5-year plans-served trajectory
- Customer-base shape
- Median fees per service
- Competitor overlap
- Plans won and lost
- Top plans by assets
Fund lineups on plans this firm keeps
Large plans that name Alerus Financial as recordkeeper and list their funds in their filing.
Top managers in these lineups
| Manager | Plans |
|---|---|
| Vanguard | 318 |
| Fidelity (FMR) | 193 |
| Capital Group | 158 |
| Dimensional | 98 |
| T. Rowe Price | 93 |
Target-date series
Covers 71,410 large plans that list their funds in their annual filing. Updated Nov 6, 2026. Shares describe these plans, not the whole market.