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Company:
ALLETE, Inc.
Plan:
Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan
 

ALLETE, Inc.

81 Plan: Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan

 
 
81
36
91
0
10
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100
For the average 401k participant, the 10 point difference between this plan's BrightScope Rating (81) and the top rated plan (91) could equate to:
[How is this calculated?]
8 additional years of work
Up to $78,200 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

 

Retirement Plan Description

Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan is a defined contribution plan with a profit-sharing component, stock bonus component, 401k feature, ESOP component, and leveraged ESOP component. This plan has a BrightScope Rating of 81. This plan is in the top 15% of plans for Account Balances, Salary Deferral, and Total Plan Cost. Allete and Affiliated Companies Retirement Savings and Stock Ownership Plan currently has over 2,100 active participants and over $423.1M in plan assets.


 Investment Menu Statistics

No. of Investment Options
25
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. ALLETE, Inc. Common Stock 35%
2. Wells Fargo Stable Return Trust 12%
3. BlackRock, Inc. Blackrock Lifepath Index 8%

 Retirement Plan Details

Address 30 West Superior Street
Duluth, MN 55802-2093 
Industry Utilities
Administrator Nicole Johnson
Sponsor Steven Morris
Net Plan Assets $423,000,000
Total Participants 2,100
Avg Account Balance $200,000

 Compare Other Companies in Peer Group

STP Nuclear Operating Company 84.5
Exelon 83.8
Cleco Power, LLC 81.7
Avista 80.6
Idaho Power Company 80.3
Southwest Gas 77.2

 
Plan Service Providers

Corporate Trustee Wells Fargo
Recordkeeper Wells Fargo
Auditor Reilly, Penner & Benton LLP