Alerus Retirement Salary

Alerus Retirement Salary

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As of May 2026, the average annual salary for employees at Alerus Retirement in the United States is $94,805. This translates to an approximate hourly wage of $46. Salaries at Alerus Retirement typically range from $82,866 to $108,538 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Alerus Retirement

Ready for your next career move? Explore current job openings at Alerus Retirement. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Alerus Retirement’s Pay Competitive? Salary Benchmarking Analysis

How does Alerus Retirement's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Alerus Retirement $95,618
+0.9%
Indicates identical technical requirements and experience levels between the two firms.
Securian Retirement $97,126
+2.4%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Stanton University $100,491
+6.0%
Reflects structural premiums typical of Stanton University's large-cap national operations.
Eldergrow $95,248
+0.5%
Confirms Eldergrow is a direct competitor vying for the exact same talent pool.
Edu., Gov't. & Nonprofit Industry $115,341
+21.7%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Alerus Retirement's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Alerus Retirement. Click a company name to learn more.

Employee Reviews: Working at Alerus Retirement

Considering a career at Alerus Retirement? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
There’s a clear structure, which makes expectations manageable and tasks well-defined. Leaders support growth, and peers are quick to collaborate and celebrate success together. Performance feedback is minimal, and career progression can take time. Collaborative environment with strong support for professional development and continuing education.
Commented in April 20, 2025
43
0
The culture is respectful and inclusive. Support for diversity and inclusion is evident and impactful. Better suited for those who prefer consistency and service rather than fast growth or innovation. A positive example of how government and education teams should operate. Responsive and knowledgeable staff. The culture values diversity and inclusivity, ensuring all voices are heard and respected....
Commented in May 30, 2024
35
0
There’s a sense of dedication, though communication is occasionally inconsistent. Purpose-driven work that feels meaningful. Work is structured and calm. There’s a strong culture of collaboration that encourages sharing ideas and working as a unified team. Great work-life balance with meaningful projects that impact education positively.
Commented in March 23, 2024
46
2

Alerus Retirement Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
Edu., Gov't. & Nonprofit
Headquarter Address
1911 Excel Dr Mankato Minnesota MN 56001
Revenue
$5 Million - $10 Million
Phone Number
-
Social Media
About Alerus Retirement
Alerus Retirement is a company that operates in the Financial Services industry. It employs 51-100 people and has $5M-$10M of revenue. The company is headquartered in Mankato, Minnesota.

What Benefits Does Alerus Retirement Offer Beyond Salary?

A competitive compensation package is more than just a salary. Alerus Retirement offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Alerus Retirement.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Alerus Retirement, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Alerus Retirement salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Alerus Retirement

1. How much does an Alerus Retirement employee make?

Alerus Retirement pays its employees an average of $94,805 per year. The average salary at Alerus Retirement range from $82,866 to $108,538 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than Alerus Retirement?

The salary at Alerus Retirement is lesser than the similar company. The average annual salary at Alerus Retirement is $94,805, or an hourly wage of $46, in comparison to Alerus Retirement which pays $95,618 per year or $46 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Alerus Retirement?

In many roles at Alerus Retirement, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

4. How does the cost of living near Minneapolis affect the perceived value of a Alerus Retirement salary?

Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from Alerus Retirement based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Alerus Retirement typically offer employees?

Alerus Retirement generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Alerus Retirement" section on this page.

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