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

ALLETE, Inc.

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

 
 
79
27
73
91
0
10
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100
For the average 401k participant, the 12 point difference between this plan's BrightScope Rating (79) and the top rated plan (91) could equate to:
[How is this calculated?]
8 additional years of work
Up to $86,100 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 79. 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 2,000 active participants and over $373.3M in plan assets.


 Investment Menu Statistics

No. of Investment Options
18
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. ALLETE, Inc. Common Stock 38%
2. Diversified Stable Value 14%
3. Oakmark Equity & Income 5%

 Retirement Plan Details

Address 30 West Superior Street
Duluth, MN 55802-2093 
Industry Utilities
Administrator Nicole Johnson
Sponsor Steven Devinck
Net Plan Assets $373,000,000
Total Participants 2,000
Avg Account Balance $190,000

 Compare Other Companies in Peer Group

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  Plan Service Providers

Corporate Trustee Bank of America Merrill Lynch
Investment Adviser Bank of America Merrill Lynch
Recordkeeper Bank of America Merrill Lynch
Legal Counsel Kelly Hannaford Battles P.A.
Auditor Reilly, Penner & Benton LLP