2023 Form 5500 filing — Allete And Affiliated Companies Retirement Savings And Stock Ownership Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240731091115NAL0048063058001) for Allete And Affiliated Companies Retirement Savings And Stock Ownership Plan, reported by Allete, Inc. under EIN 41-0418150 and plan number 002. It reports 2,130 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240731091115NAL0048063058001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Allete, Inc.
- EIN
- 41-0418150
- Plan number
- 002
- Location
- Duluth, MN
- Participants
- 2,130
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $546,169,297
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $546,169,297
- Employer contributions
- $13,743,169
- Participant contributions
- $16,243,943
- Total income / additions
- $96,489,384
- Benefits paid
- $36,345,485
- Administrative expenses
- $533,897
- Total expenses
- $36,926,693
- Net increase / (decrease)
- $59,562,691
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | NONE | $327,845 | $0 |
| Empower Advisory Group | NONE | $262,507 | not reported in the loaded dataset |
| Geneva Capital Management, LLC | NONE | $94,392 | $0 |
| Taft Stettinius & Hollister Llp | NONE | $42,118 | not reported in the loaded dataset |
| Reilly Penner & Benton Llp | NONE | $22,099 | not reported in the loaded dataset |
| Creative Planning LLC | NONE | $22,000 | not reported in the loaded dataset |
| Empower Financial Services, Inc. | NONE | $2,402 | $0 |
| Qdro Consultants Company, LLC | NONE | $684 | not reported in the loaded dataset |