Alerus Retirement Salary

Alerus Retirement Salary

How much does the Alerus Retirement Pay for employees?

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As of August 2026, the average hourly salary for employees at Alerus Retirement in the United States is $46. This translates to an approximate annual wage of $94,805. Salaries at Alerus Retirement typically range from $40 to $52 hourly, reflecting the diverse roles and experience levels within the company. Alerus Retirement’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Alerus Retirement

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Is Alerus Retirement’s Pay Competitive? Salary Benchmarking Analysis

How does Alerus Retirement’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Alerus Retirement
Edu., Gov't. & Nonprofit
Securian Retirement
Alerus Retirement
Industry Comparison
Our data shows that, on average, compensation at Alerus Retirement is below the average for the U.S. Edu., Gov't. & Nonprofit industry by approximately 18%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Alerus Retirement average annual salary with several similar companies. Alerus Retirement average salary of $94,805 is lower than Securian Retirement, which has an average salary of $97,126. It is lower than Alerus Retirement, with their average salary at $95,618. This places Alerus Retirement in a developing position among its peers.
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Companies Similar to Alerus Retirement and Their Hourly Pay Rates

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. What is the typical salary range (low to high) for most roles at Alerus Retirement?

The typical salary range for most roles at Alerus Retirement is approximately from $40 to $52 per hour. 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. How much does Alerus Retirement pay compared to Securian Retirement?

The average annual salary at Alerus Retirement is $94,805, or an hourly wage of $46, in comparison to Securian Retirement which pays $97,126 per year or $47 per hour.

3. How does experience level affect salary at Alerus Retirement?

Experience level is a significant factor in determining salary at Alerus Retirement, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

4. How can I determine if a salary offer from Alerus Retirement in Minneapolis is fair given the local cost of living?

To determine if a salary offer from Alerus Retirement in Minneapolis is fair, first compare the gross salary to our data for similar roles at Alerus Retirement and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Minneapolis" to understand its purchasing power.

5. What factors influence salary increases at Alerus Retirement?

Salary increases at Alerus Retirement are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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