ALERUS FINANCIAL, N.A.
46 known aliases resolved via the canonical alias map
Market position · 2024
Plans served433-40 YoYRank #62 of mapped providers
Assets under administration$12.3B0.0%Market share · rank #942
Fees received$19MMedian $33,336/planSum across Schedule C direct + indirect
Net wins YoY-3532 won · 67 lostPlan-level switch detection
Plans served · 5-year trajectory
Market-share plans percent annotated. Bar height is raw plan count.
Customer-base shape
What does a typical ALERUS FINANCIAL, N.A. plan look like?
Service mix · median fees per plan
Count of plans where ALERUS FINANCIAL, N.A. ships each service code, and the median compensation they report under it.
| Service | Plans | Median fees | Distribution |
|---|---|---|---|
Trustee (individual); Sub-transfer agency fees; Recordkeeping and information management (computing, tabulating, data processing, etc.); Trustee (directed); Recordkeeping fees; Finders' fees / placement fees; Direct payment from the planCode 15 | 396 | $32,996 | |
Investment management fees paid directly by plan; Investment advisory (participants); Investment advisory (plan)Code 26 | 19 | $19,291 | |
Investment advisory (plan); Investment management fees paid directly by planCode 27 | 12 | $20,913 | |
Trustee (bank, trust company, or similar financial institution)Code 21 | 11 | $50,000 | |
Trustee (directed); Shareholder servicing fees; Contract Administrator; Recordkeeping fees; Sub-transfer agency fees; Participant loan processingCode 13 | 10 | $6,694 | |
Investment management; Direct payment from the planCode 28 | 3 | $25,705 | |
Direct payment from the plan; Recordkeeping fees; Investment management fees paid directly by planCode 50 | 3 | $8,642 | |
Other servicesCode 49 | 2 | $9,657 |
Competitor overlap
Percent of ALERUS FINANCIAL, N.A.'s plans that also list each competitor on Schedule C. High numbers = co-living partners; low numbers = direct displacement targets.
Plans won in 2024
Appeared this year; did not appear last year under ALERUS FINANCIAL, N.A..
| Sponsor | From | Assets |
|---|---|---|
ACCESS PLANS, LLCTX · 853473108-006 | (new plan) | $126M |
ACCESS PLANS LLCTX · 853473108-005 | (new plan) | $75M |
MASLON, LLPMN · 410648239-001 | AMERICAN FUNDS | $72M |
RYAN LAWN & TREE, INC.KS · 481078206-001 | CBIZ RETIREMENT PLAN SERVICES | $28M |
KSL ADVISORS, LLCCO · 203270347-001 | (new plan) | $21M |
A TO Z MACHINE CO., INC.WI · 391864014-001 | ASSOCIATED TRUST COMPANY, N.A. | $18M |
LOOS MACHINE & AUTOMATION, LLCWI · 391031349-001 | (new plan) | $18M |
K & M TIRE, INC.OH · 341212834-001 | GREAT-WEST LIFE & ANNUITY INSURANCE | $17M |
MSPARK MEDIA, LLCAL · 934728035-001 | JOHN HANCOCK LIFE INSURANCE COMPANY | $15M |
GRANITE STATE CREDIT UNIONNH · 020227484-004 | ICAPITAL, LLC | $14M |
Plans lost in 2024
Appeared last year under ALERUS FINANCIAL, N.A.; not this year.
| Sponsor | To | Assets |
|---|---|---|
MARATHON CHEESE CORPORATIONWI · 390873270-001 | MILLIMAN, INC. | $188M |
AG PARTNERS COOPMN · 411833687-001 | INTELLICENTS INVESTMENT SOLUTIONS I | $66M |
BUIST ELECTRIC COMPANY, INC.MI · 382177580-001 | PRINCIPAL LIFE INSURANCE COMPANY | $64M |
COLES SALON, INC.MN · 411424867-001 | (new plan) | $43M |
IMPRESSIONS, INCMN · 410916667-003 | (new plan) | $31M |
A.W. HOLDINGS LLC D/B/A BENCHMARK HUMAN SERVICESIN · 208906852-004 | BUCKINGHAM STRATEGIC PARTNERS | $30M |
HEAT & FROST INSULATORS LOCAL 27MO · 430337343-002 | (new plan) | $28M |
DONOR ALLIANCE, INC.CO · 841003771-003 | KESTRA INVESTMENT SERVICES LLC | $28M |
MOORE'S ELECTRICAL & MECHANICAL CONSTRUCTION, INC.VA · 541598347-001 | RAYMOND JAMES FINANCIAL SERVICES | $26M |
PEOPLES STATE BANKWI · 390987942-002 | NWPS | $26M |
Top plans by assets
Searchable full list lands with the commercial layer.
| Plan | Assets | Participants | Fees | Tenure | Flags |
|---|---|---|---|---|---|
EIDE BAILLY LLPND · 450250958-001 | $615M | 4,012 | $275,309 | 10y | - |
APPLIED RESEARCH ASSOCIATES, INC.NM · 850276434-003 | $606M | 2,360 | $50,000 | 9y | - |
JANE STREET GROUP, LLCNY · 901010033-001 | $521M | 2,078 | $48,544 | 10y | - |
ALTRU HEALTH SYSTEMND · 450310462-003 | $495M | 4,078 | $275,689 | 10y | - |
AVI SYSTEMS, INC.KS · 450321251-002 | $399M | 1,832 | $243,847 | 10y | - |
THE AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALSNY · 131623829-002 | $164M | 1,691 | $41,800 | 10y | - |
NORAN NEUROLOGICAL CLINIC, P.A.MN · 410984062-002 | $154M | 326 | $96,072 | 6y | - |
PERFORMANCE CONTRACTORS, INC.LA · 720875986-002 | $132M | 5,612 | $315,629 | 10y | - |
MIRON CONSTRUCTION CO., INC.WI · 390787083-001 | $131M | 553 | $277,075 | 10y | - |
EDUCATION MINNESOTAMN · 411916882-001 | $129M | 409 | $18,750 | 10y | - |
Flag exposure
73.0%Market: 89.2%
This provider
Market baseline
Share of this provider's plans tripping any deterministic red flag this year. Lower than market baseline = better risk surface.
Aliases resolved (46)
Raw Schedule C names collapsed into ALERUS FINANCIAL, N.A..
- AKERUS FINANCIAL, N.A.
- ALERUS
- ALERUS BANK 401K PLATFORM
- ALERUS FIANANCIAL
- ALERUS FIANANCIAL, N.A.
- ALERUS FIANCIAL, N.A
- ALERUS FIANCIAL, N.A.
- ALERUS FINACIAL, N.A
- ALERUS FINACIAL, N.A.
- ALERUS FINAICIAL, N.A.
- ALERUS FINANACIAL, N.A.
- ALERUS FINANCIAL
- ALERUS FINANCIAL ATTN
- ALERUS FINANCIAL CORPORATION
- ALERUS FINANCIAL N. A.
- ALERUS FINANCIAL N.A
- ALERUS FINANCIAL N.A.
- ALERUS FINANCIAL NA
- ALERUS FINANCIAL,
- ALERUS FINANCIAL, N,A.
- ALERUS FINANCIAL, N. A.
- ALERUS FINANCIAL, N.A
- ALERUS FINANCIAL, N.A,
- ALERUS FINANCIAL, N.A,.
- ALERUS FINANCIAL, N.A.
Book composition by plan size
Bars stack to total plans served; segments use the same asset cutoffs as the /retirement size filter. Up-and-to-the-right on the bigger segments = moving up-market.
Under $5M$5-50M$50-250M$250M-1B$1B+
Compliance posture vs market
Per-flag share for ALERUS FINANCIAL, N.A.'s book against the same flag's overall prevalence across all filings. Negative delta = under-indexed (cleaner book); positive = elevated risk surface.
| Flag | Plans flagged | Provider % | Market % | Delta |
|---|---|---|---|---|
| Recently terminated | 16 | 3.70% | 7.76% | -4.07 pp |
| Fidelity bond gap | 22 | 5.08% | 26.94% | -21.86 pp |
| Late contributions | 76 | 17.55% | 1.71% | +15.84 pp |
| Failed to provide benefit | 0 | 0.00% | 0.14% | -0.14 pp |
| Corrective distributions | 30 | 6.93% | 1.76% | +5.17 pp |
| Loss discovered | 0 | 0.00% | 0.00% | -0.00 pp |
New-plan formation share
Share of plans filing for the first time each year that landed with ALERUS FINANCIAL, N.A.. Compare to the incumbent market share (0.7%) - higher = winning new business, lower = coasting on existing relationships.
0.0%-0.7 pp vs incumbent
Geographic penetration index
(Provider plans in state / state plans) divided by the provider's overall share of the market. Index 1.00 = average; > 1 = over-indexed (winning more than their fair share); < 1 = under-indexed (white space).