Providers › Alerus Financial, N.A.

Alerus Financial, N.A.

Service provider, as named on Schedule C
EIN 456062081
Plan year 2024
Direct compensation reported $16,906,880

Plans listing this provider

359

0.64% of the 56,420 plans with Schedule H financials; 367 in 2023

Assets of those plans

$10,083,803,035

0.13% of all Schedule H plan assets

Plans where it is the recordkeeper

355

service code 65 (recordkeeping) or 64 (recordkeeping and information management)

Median direct compensation per participant, as recordkeeper

$136.42

across 344 plans that pay it a positive direct amount

Direct compensation is Schedule C line 2(d), paid by the plan. Indirect compensation (revenue sharing and similar) is a flag on the filing and is not included in these amounts. A provider's name is spelled as filed; the same firm can appear under several spellings.

Services reported

Service code	Meaning	Plans
15	Recordkeeping and information management	347
64	Recordkeeping fees	297
21	Trustee (bank, trust company or similar)	253
25	Trustee (directed)	245
50	Direct payment from the plan	205
60	Sub-transfer agency fees	193
37	Participant loan processing	159
63	Distribution (12b-1) fees	100

Largest plans served

Plan	Employer	Assets	Participants	Direct compensation
Eide Bailly LLP 401(k) Profit Sharing Planrecordkeeper	Eide Bailly	$615,317,303	3,988	$275,309
Jane Street Group, LLC 401(k) Planrecordkeeper	Jane Street Group	$521,356,490	2,064	$48,544
Altru Health System Retirement Savings Plan 401k	Altru Health System	$495,299,478	3,980	$275,689
Avi Systems, Inc. Employee Stock Ownership Planrecordkeeper	Avi Systems	$399,450,409	1,819	$243,847
Aspca 401(k) Retirement Planrecordkeeper	American Society for the Prevention of Cruelty to Animals	$164,048,437	1,536	$41,800
Noran Neurological Clinic, P. A. 401(k) Profit Sharing Planrecordkeeper	Noran Neurological Clinic	$153,553,564	256	$96,072
Performance Contractors, Inc. 401(k) Salary Savings Planrecordkeeper	Performance Contractors	$131,641,541	3,503	$315,629
Miron Construction Co., Inc. 401(k) Profit Sharing Planrecordkeeper	Miron Construction	$131,081,838	548	$277,075
FS Brands 401(k) Planrecordkeeper	FS Brands	$127,524,883	4,054	$354,790
RMS Easyplanrecordkeeper	Access Plans	$125,876,696	3,578	$217,443
Thanexus, Inc. Retirement Planrecordkeeper	Thanexus	$125,424,889	438	$223,503
Nicolet National Bank 401(k) Planrecordkeeper	Nicolet National Bank	$124,289,965	1,158	$110,331
Superior Industries, Inc. 401(k) Retirement Planrecordkeeper	Superior Industries	$117,448,666	1,634	$227,733
Signature Medical Group, Inc. 401(k) Profit Sharing Planrecordkeeper	Signature Medical Group	$115,485,332	567	$63,695
Brandt Holdings Company 401(k) Planrecordkeeper	Brandt Holdings	$114,279,081	1,220	$157,484
Knight Hawk Coal, LLC 401(k) P/S Plan and Trustrecordkeeper	Knight Hawk Coal	$107,175,389	420	$60,891
Dacotah Banks, Inc. 401(k) Savings Planrecordkeeper	Dacotah Banks	$107,005,074	760	$110,231
Brown, Edwards & Company, L.L.P. 401k Profit Sharing Planrecordkeeper	Brown Edwards	$89,494,026	538	$46,934
Umass Memorial Shields Pharmacy, LLC 401(k) Profit Sharing Planrecordkeeper	Umass Memorial Shields Pharmacy	$88,181,542	2,762	$218,576
Advanced Engineering and Environmental Services, LLC Profit Sharing 401(k) Planrecordkeeper	Advanced Engineering and Environmental Services	$87,099,847	411	$52,989
Dominium 401(k) Retirement Savings Planrecordkeeper	Dominium Management Services	$78,689,072	1,409	$210,716
Access Pooled Employer Plan- Series IIrecordkeeper	Access Plans	$74,878,950	1,867	$138,466
Nutramax Laboratories, Inc. 401(k) Profit Sharing Planrecordkeeper	Nutramax Laboratories	$74,170,410	955	$87,538
Foley & Mansfield Profit Sharing Planrecordkeeper	Foley & Mansfield PLLP	$73,921,202	447	$57,154
Pala 401(k) Retirement Savings Planrecordkeeper	Pala Band of Mission Indians	$72,659,132	895	$152,372

Form 5500 Schedule C Part I line 2, plan year 2024, plans with Schedule H financials and a 401(k) feature. Provider identity: Schedule C EIN where given, else the normalized name.