2023 Form 5500 filing — Allete And Affiliated Companies Welfare Benefits 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 20241015173551NAL0029270945003) for Allete And Affiliated Companies Welfare Benefits Plan, reported by Allete, Inc. under EIN 41-0418150 and plan number 599. It reports 2,331 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015173551NAL0029270945003
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Allete, Inc.
- EIN
- 41-0418150
- Plan number
- 599
- Location
- Duluth, MN
- Participants
- 2,331
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $181,474,196
- Total liabilities (EOY)
- $80,315
- Net assets (EOY)
- $181,393,881
- Employer contributions
- $6,889,134
- Participant contributions
- $6,399,727
- Total income / additions
- $35,779,170
- Benefits paid
- $18,734,633
- Administrative expenses
- $6,555,348
- Total expenses
- $25,289,981
- Net increase / (decrease)
- $10,489,189
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Medicare Blue R/X | DATA PROCESSING PROVIDER | $3,389,760 | not reported in the loaded dataset |
| Comprehensive Care Services | MULTIPLE SERVICE PROVIDER | $835,208 | not reported in the loaded dataset |
| United Healthcare Services, Inc. | CLAIMS PROCESSOR | $777,795 | not reported in the loaded dataset |
| Sunlife Insurance Company | STOP LOSS | $158,805 | not reported in the loaded dataset |
| Blue Cross Blue Shield | MULTIPLE SERVICE PROVIDER | $113,489 | not reported in the loaded dataset |
| Lockton Companies LLC | BROKER | $97,077 | not reported in the loaded dataset |
| Delta Dental Of Mn | DATA PROCESSING PROVIDER | $85,246 | not reported in the loaded dataset |
| Bind Benefits, Dba Surest | CLAIMS PROCESSOR | $69,878 | not reported in the loaded dataset |
| Reilly, Penner & Benton Llp | INDEPENDENT AUDITOR | $37,312 | not reported in the loaded dataset |
| Us Bank, N.A. | TRUSTEE | $18,896 | not reported in the loaded dataset |
| North Shore Bank Of Commerce | TRUSTEE | $10,433 | not reported in the loaded dataset |