Plan Snapshot
- Plan Sponsor: Alerus Finanical, N.A.
- Sponsor EIN: 450140105
- Sponsor Address: 2300 S. COLUMBIA, GRAND FORDS, ND, 58201
- Plan Type: 401(k)
- Total Participants: 40
- Total Assets: $1.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|
| 2024 | 40 | $1.4M | $138,574 | $340,512 |
| 2023 | 33 | $790,937 | $99,731 | $120,371 |