Wellthbuilder II PEP401(k) plan: employer contributions, fees and assets
2025Form 5500 for plan year 2025
The filing shows $794 of employer contributions for each active participant in the plan year that ended 31 Dec 2025. Form 5500 does not state the match formula.
- Sponsor
- Alerus Financial, N.A., Grand Forks, ND
- EIN and plan number
- 45-0140105, plan 009
- Plan type
- 401(k), 403(b), profit sharing. Multiple-employer plan
- Plan year
- to
- Filing received
What this filing shows
At the end of the plan year that ended 31 Dec 2025, the plan had 1,857 participants.
Net assets were $46,221,358 at the end of that plan year.
Employer contributions were $794 for each active participant in that plan year.
Participant contributions were $2,099 for each active participant.
By participants, it was number 24 of 270 defined contribution plans with 100 or more participants and a filing address in North Dakota.
By net assets, it was number 70 of 264.
This page gives no change from plan year 2024, because the site has no filing of the plan for that year.
Its employer contributions for each active participant were $794 in plan year 2025.
The median of defined contribution plans with 1,000 to 4,999 participants was $2,042 in plan year 2024.
Form 5500 does not state the match formula.
What Form 5500 does not show
- The match formula. The form gives the total of the employer contributions for a plan year.
- Fund expense ratios. The fees on the form are the administrative expenses of the plan and the Schedule C compensation.
- The account of a person. The form gives totals for the plan.
While applicable plans are required to file a Form 5500 or Form 5500-SF annually, multiple filings may exist for a plan’s single form year if a plan amends their original filing or if a duplicate filing was erroneously submitted.
The dataset listed as “Latest” includes only the latest filing received for a plan with a filing status of “FILING_RECEIVED”.
EBSA wrote these sentences. Copied from Employee Benefits Security Administration, Form 5500 Datasets Guide on .
In plain words: this page shows the latest filing on record for each plan. A plan can amend a filing, and an amended filing replaces the earlier one at the next update. Source of the figures: the Form 5500 datasets, filings received through . The Department of Labor received this filing on .
Contributions
Position among plans of the same type and size. The group: 10,256 defined contribution plans with 1,000 to 4,999 participants, plan year 2024. The percentiles set the latest figures of this plan against the group of plan year 2024.
- Employer contributionsPlan year that ended 31 Dec 2025. Cash from employers, Schedule H line 2a(1)(A)
- $1,284,339
- Active participants31 Dec 2025
- 1,617
- Employer contributions for each active participant
- $794
The plan is at the 24th percentile of the group. The quartiles of the group are $825, $2,042 and $4,178. Among plans of the same sector, the plan is at the 8th percentile.
- Participant contributionsPlan year that ended 31 Dec 2025
- $3,393,667
- Rollovers and other contributions
- $2,014,542
- Participant contributions for each active participant
- $2,099
The plan is at the 25th percentile of the group of 9,556 plans. The quartiles of the group are $2,096, $4,321 and $7,451. Among plans of the same sector, the plan is at the 5th percentile.
- Total contributionsPlan year that ended 31 Dec 2025. Schedule H line 2a(3)
- $6,692,548
A percentile gives a position in the group. It does not grade the plan. Groups: plans with 1,000 to 4,999 participants, Finance and insurance sector.
Fees that the filing shows
The fees on this page are the administrative expenses of the plan and the Schedule C compensation. Fund expense ratios are not in Form 5500.
- Recordkeeping fees
- $205,897
- Administrative expenses, Schedule HPlan year that ended 31 Dec 2025
- $205,897
The plan is at the 67th percentile of the group. The quartiles of the group are $42.42, $81.95 and $127. Among plans of the same sector, the plan is at the 44th percentile.
- Direct compensation
- $205,897
- Indirect compensation
- $0
- Schedule C compensation to organisationsPlan year that ended 31 Dec 2025
- $205,897
The plan is at the 67th percentile of the group. The quartiles of the group are $43.73, $81.94 and $126. Among plans of the same sector, the plan is at the 42nd percentile.
The group for a fee line has only the plans that report an amount. Guide: how to read Schedule C fees
Assets and participants
- Net assets at the start of the plan year
- $0
- Total income, with the result of the investments
- $10,190,267
- Benefits paid
- $3,926,151
- Total expenses
- $4,133,162
- Net income
- $6,057,105
- Net transfers
- $40,164,253
- Net assets, 31 Dec 2025
- $46,221,358
- Active participants
- 1,617
- Retired or separated, with benefits now
- 0
- Retired or separated, with benefits later
- 240
- Participants with an account balance
- 1,561
- Participants, 31 Dec 2025
- 1,857
The plan is at the 29th percentile of the group. The quartiles of the group are $20,624, $50,214 and $103,669. Among plans of the same sector, the plan is at the 8th percentile.
Net assets for each participant is an average of the plan. Form 5500 has no account balance of a person.
The site has one filing of this plan on record, so it shows no figures of earlier plan years.
Assets by Schedule H category, 31 Dec 2025
- Registered investment companies (mutual funds)
- $45.5M 98.3%
- Participant loans
- $580K 1.3%
- Receivables
- $189K 0.4%
The form shows the type of the investment vehicle. It does not list the funds of the plan.
Service providers on Schedule C
| Organisation | Services in the filing | Direct compensation | Indirect compensation |
|---|---|---|---|
| Alerus Financial NA | Recordkeeping and information management; Trustee (bank, trust company, or similar financial institution); Trustee (discretionary); Participant loan processing | $205,897 | $0 |
Schedule C lists a provider only when the plan paid it $5,000 or more. The site does not show persons that Schedule C names.
Other answers in the filing
- Opinion of the accountantSchedule H line 3a
- Unmodified
- Accountant performed an ERISA section 103(a)(3)(C) auditSchedule H line 3b
- Yes
- Accounting firmSchedule H line 3c
- Lee CPA Group
- Failure to transmit participant contributionsSchedule H line 4a
- Yes, $176,437
- Fidelity bondSchedule H line 4d
- No
- Blackout period in the plan yearSchedule H line 4m
- No
- Marks on the form
- first return of the plan
- 2EProfit-sharing plan
- 2FERISA section 404(c) plan
- 2GTotal participant-directed account plan
- 2MCode section 403(b)(7) accounts (custodial accounts for regulated investment company stock)
- 2TTotal or partial participant-directed account plan with a default investment account
- 3DPre-approved pension plan
- 2LCode section 403(b)(1) arrangement (annuity contracts)
- 2JCode section 401(k) feature
- 2KCode section 401(m) arrangement
Plan characteristics codes of line 8a, with the labels of the Form 5500 instructions. Business code 524290: Other Insurance Related Activities (including third-party administration of Insurance and pension funds).
The plan administrator gives these answers on Schedule H. The site shows the answers as filed. It draws no conclusion from them.
Line 3a. The attached opinion of an independent qualified public accountant for this plan is (see instructions):
The form has four choices: unmodified, qualified, disclaimer and adverse. Glossary
Line 4a. Was there a failure to transmit to the plan any participant contributions within the time period described in 29 CFR 2510.3-102? Continue to answer “Yes” for any prior year failures until fully corrected. (See instructions and DOL’s Voluntary Fiduciary Correction Program.)
A “Yes” answer carries an amount. The line does not say why a transfer was late. Glossary
Form text copied from Department of Labor, Schedule H (Form 5500), editions 2024 and 2025 on .
Other plans of Alerus Financial, N.A.
| Plan | Participants | Net assets |
|---|---|---|
| Invest for Tomorrow Retirement Plan | 1,399 | $87.5M |
| Autonomy Advantage Poole Employer Plan | 749 | $1.6M |
Plans of similar size in the same industry
| Plan | Sponsor | Participants |
|---|---|---|
| H. W. Kaufman Financial Group Retirement Savings Plan | H.W. Kaufman Financial Group | 1,879 |
| United States Liability Insurance Company 401(k) Plan | United States Liability Insurance Company | 1,822 |
| Stand Together Benefits, LLC 401(k) Plan | Stand Together Benefits, LLC | 1,900 |
| Ccmsi Holdings, Inc. Employee Stock Ownership Plan | Ccmsi Holdings, Inc. | 1,797 |
| Ucare 401(k) Retirement Savings Plan | Ucare Minnesota | 1,950 |
| Zenith American Solutions, Inc. Retirement Savings 401(k) Plan | Zenith American Solutions, Inc. | 1,779 |
| The Rawlings Group 401(k) Plan | The Rawlings Company LLC | 1,973 |
| Paradigm 401(k) Savings Plan | Paradigm Acquisition Corporation | 1,765 |
| Automep Open Multiple Employer 401(k) Plan | Ami Benefit Plan Administrators, Inc. | 2,003 |
| Illumifin Corporation 401(k) Plan | Illumifin Corporation | 1,758 |
Official channels
- Form 5500 Filing Search, U.S. Department of Labor, EFAST2
The search of the Department of Labor for filed Form 5500 reports.
To find this plan there, look for: EIN 45-0140105Plan number 009
- EBSA publication about retirement plans, for participants, U.S. Department of Labor, Employee Benefits Security Administration
The publication explains how a retirement plan works.
The links open the sites of the Department of Labor in a new tab. The site confirmed the links on .
Cite this page
My Plan Facts. "Wellthbuilder II PEP." https://myplanfacts.com/plan/450140105-009-wellthbuilder-ii-pep/. Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 datasets, filings received through 24 Oct 2026.
Where this page gets its figures
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 datasets (Form 5500, Schedule H, Schedule C), plan years 2009 to 2025. The datasets are in the public domain. This page shows the latest filing on record for EIN 45-0140105, plan 009. An amended filing replaces it at the next update. The site calculates the figures for each participant, the quartiles and the percentiles. How the figures are made. Report an error.
Search engines do not list this page. The site asks for 500 participants or more, a second filing on record, and net assets and an employer contributions line on Schedule H.
Questions
Does the filing show the employer match?
No. Form 5500 does not state the match formula. The filing shows total employer contributions of $1,284,339 for the plan year that ended 31 Dec 2025. Participants contributed $3,393,667 in total in that plan year.
What fees does the filing show?
The plan reported $205,897 of administrative expenses for the plan year that ended 31 Dec 2025. Schedule C shows $205,897 of compensation to service providers. Fund expense ratios are not in Form 5500.
Which organisations give services to the plan?
Schedule C of the filing names 1 organisation. The table of service providers on this page gives the names, the services and the amounts. Schedule C lists a provider only when the plan paid it $5,000 or more.
How old are these figures?
The figures are for the plan year from 1 Jan 2025 to 31 Dec 2025. The Department of Labor received the filing on 14 Oct 2026. A filing is due by the last day of the 7th month after the plan year ends. An extension allows up to 9.5 months after the plan year ends.