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Original filing (PDF)20251009142717NAL0006724241004
ALLETE, INC. & AFFILIATED COMPANIES
Form 5500
FILING_RECEIVED
ALLETE & AFFILIATED COMPANIES RETIREMENT PLAN C
Defined-benefit pension plan
Signals · 2
No recordkeeper disclosed7 service providers
Active participants
143
Accounts w/ balance
—
Plan assets (EOY)
$421.9M
Net assets (EOY)
$421.7M
How this plan invests
This plan
1 collective trust
Schedule D
Individual securities
on each trust's filing
This plan doesn't hold securities directly — it invests through trusts. Click a trust below to drill into its securities.
Plan health score (directional)
84
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 24 bps in Schedule C fees — 140% above peer band of 10 bps.
- No recordkeeper disclosed on Schedule C.
Helping the score
- Concentration not scored — Schedule of Assets PDF not yet parsed for this plan.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for ALLETE, INC. & AFFILIATED COMPANIES.
Plan sponsor
Name
ALLETE, INC. & AFFILIATED COMPANIES
EIN
41-0418150
Address
30 W SUPERIOR ST · DULUTH, MN · 558022030
Phone
(218) 722-2641
Industry
Utilitiessee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
005
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-09
Pension benefit codes
1A · Pay-related DB formula
Audit & trust (Schedule H)
Auditor
REILLY, PENNER & BENTON LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
7 rowsAdvisor / Consultant
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PIMCO | 33-0629048 | — | INVESTMENT MANAGER | $674K | — |
| LOCKTON RETIREMENT SERVICES | 90-0007886 | — | INVESTMENT MANAGER | $69K | — |
Trustee
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| US BANK | 31-0841368 | — | TRUSTEE | $120K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ALLETE INC. | 41-0418150 | — | CONTRACT ADMINISTRATOR | $53K | — |
Accountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| REILLY, PENNER & BENTON LLP | 39-0747409 | — | AUDITOR | $23K | — |
Actuary
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | 53-0181291 | — | ACTUARY/HR | $46K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| TELLUS HEALTH | 45-4303723 | — | PAYROLL/DATA SERVICES | $29K | — |
Investments
1 pooled fund· $420.3M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
| Investment | Type | Current value | % of plan |
|---|---|---|---|
| ALLETE & AFFL. CO MASTER PENS TRUST ALLETE & AFFILIATED COMPANIES · EIN 41-0418150 / PN 004 | Master Trust | $420.3M | 99.6% |