Overview

Plan Rating

BrightScope Rating
84
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (31)
Average in Peer Group (79)
Highest in Peer Group (92)

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 84. This plan is in the top 15% of plans for Account Balances, Company Generosity, Salary Deferral, and Total Plan Cost. ALLETE and Affiliated Companies Retirement Savings and Stock Ownership Plan currently has over 2,500 active participants and over $488.2M in plan assets.

Did you know?

For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (84) and the top rated plan (92) could equate to:
7
Additional years of work
61,195
Lost 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. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2017
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 30 West Superior Street
  • Location
    Duluth , MN
  • 55802-2093
  • Industry
    Utilities
  • Administrator
    Nicole Johnson
  • Sponsor
    Steve Morris
  • Net Plan Assets
    $488,000,000
  • Total Participants
    2,600
  • Avg Account Balance
    $200,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Great

Performance

Participation Rate:
Above Average
Salary Deferrals:
Great
Account Balance:
Great

Design

Total Plan Cost:
Low Fees
Company Generosity:
Above Average

Performance

Participation Rate:
Average
Salary Deferrals:
Above Average
Account Balance:
Great

Peer Group Plans

Company Rating
Calpine 85.6
PPL Services 85.2
NorthWestern 84.1
Avista 83.6
Idaho Power Company 83.1
Southwest Gas 78.3
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Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

27

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
ALLETE, Inc. Common Stock 28%
N/A
BlackRock, Inc. Blackrock Lifepath Index 11%
N/A
Wells Fargo Stable Return Trust 10%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Corporate Trustee
Wells Fargo
Recordkeeper
Wells Fargo
Legal Counsel
Briggs & Morgan Pa
Recordkeeper
The Standard
Auditor
Reilly, Penner & Benton LLP

Articles and Questions

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