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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
44
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 $55,400 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 2,000 active participants and over $419.7M in plan assets.


 Investment Menu Statistics

No. of Investment Options
17
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. ALLETE, Inc. Common Stock 36%
2. Wells Fargo Diversified Stable Value Fund 14%
3. Vanguard Institutional Index 6%

 Retirement Plan Details

Address 30 West Superior Street
Duluth, MN 55802-2093 
Industry Utilities
Administrator Nicole Johnson
Sponsor Steven Morris
Net Plan Assets $420,000,000
Total Participants 2,000
Avg Account Balance $210,000

 Compare Other Companies in Peer Group

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Energen 81.3
The United Illuminating Company 81.2
Avista 80.8
Idaho Power Company 80.1
Florida Progress 78.6

  Plan Service Providers

Corporate Trustee Wells Fargo
Recordkeeper Wells Fargo
Legal Counsel Kelly Hannaford Battles P.A.
Auditor Reilly, Penner & Benton LLP