Plan Ledger DOL Form 5500 · updated monthly

Alerus Financialbenefits

Alerus Financial Self Insured Health Plan · GRAND FORKS, ND · plan year 2025

Broker compensation reported · 2025
$31,795

Alerus Financial's benefits plans covered 635 active participants in 2025, providing health · vision. Insurance brokers and agents were paid $31,795 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $50 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 9.1% from $29,136 in 2024.

Insurance contracts · 20253
VISION SERVICE PLAN · visionpremiums n/a · 562 covered
HARTFORD LIFE AND ACCIDENT · life ltdpremiums n/a · 827 covered
HARTFORD LIFE AND ACCIDENT · stdpremiums n/a · 291 covered
Brokers & agents paid · 20253
HOLMES, MURPHY & ASSOCS, LLC$17,348
HOLMES, MURPHY AND ASSOCIATES, LLC$4,338
BROWN & BROWN INSURANCE SVCS., INC.$10,109 · incl $2,612 fees

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 450140105 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.