Alerus Financial
80
Plan:
22
67
84
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 4 point difference between this plan's BrightScope Rating (80) and the top rated plan (84) could equate to:
[How is this calculated?]
[How is this calculated?]
2 additional years of work Up to $23,800 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
Alerus Financial Corporation Safe Harbor 401k Plan is a defined contribution plan with a 401k feature. This plan has a BrightScope Rating of 80, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Salary Deferral, and Total Plan Cost. Alerus Financial Corporation Safe Harbor 401k Plan currently has over 600 active participants and over $50.9M in plan assets.
Retirement Plan Details
| Address |
P.O. Box 6001
Grand Forks, ND 58206-6001 |
| Industry | Commercial Banking |
| Administrator | Eric Carlson |
| Net Plan Assets | $50,900,000 |
| Total Participants | 650 |
| Avg Account Balance | $78,000 |
Compare Other Companies in Peer Group
| Bayerische Landesbank | 83.1 |
| NCB | 78.6 |
| Old Second Bancorp | 68.0 |
| First American Bank | 67.0 |
| Ocean Bank | 58.3 |
| Farmers & Merchants Bank of Long... | 56.5 |
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