ALLETE & AFFILIATED COMPANIES has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan ALLETE AND AFFILIATED COMPANIES WELFARE BENEFITS PLAN
| Measure | Date | Value |
|---|
| 2023 : ALLETE AND AFFILIATED COMPANIES WELFARE BENEFITS PLAN 2023 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $80,315 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $81,460 |
| Total income from all sources (including contributions) | 2023-12-31 | $35,779,170 |
| Total loss/gain on sale of assets | 2023-12-31 | $3,583,198 |
| Total of all expenses incurred | 2023-12-31 | $25,289,981 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $18,734,633 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $13,288,861 |
| Value of total assets at end of year | 2023-12-31 | $181,474,196 |
| Value of total assets at beginning of year | 2023-12-31 | $170,986,152 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $6,555,348 |
| Total interest from all sources | 2023-12-31 | $243,773 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $4,416,297 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $4,416,297 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $6,399,727 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2023-12-31 | $80,315 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2023-12-31 | $81,460 |
| Administrative expenses (other) incurred | 2023-12-31 | $1,586,774 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $10,489,189 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $181,393,881 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $170,904,692 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $173,340,970 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $162,295,875 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-12-31 | $8,133,226 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-12-31 | $8,690,277 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-12-31 | $8,690,277 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2023-12-31 | $243,773 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2023-12-31 | $1,656,705 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $14,247,041 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $6,889,134 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $17,077,928 |
| Contract administrator fees | 2023-12-31 | $4,765,211 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2023-12-31 | No |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Aggregate proceeds on sale of assets | 2023-12-31 | $23,558,640 |
| Aggregate carrying amount (costs) on sale of assets | 2023-12-31 | $19,975,442 |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | REILLY, PENNER & BENTON LLP |
| Accountancy firm EIN | 2023-12-31 | 390747409 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $80,315 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $81,460 |
| Total income from all sources (including contributions) | 2023-01-01 | $35,779,170 |
| Total loss/gain on sale of assets | 2023-01-01 | $3,583,198 |
| Total of all expenses incurred | 2023-01-01 | $25,289,981 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $18,734,633 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $13,288,861 |
| Value of total assets at end of year | 2023-01-01 | $181,474,196 |
| Value of total assets at beginning of year | 2023-01-01 | $170,986,152 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $6,555,348 |
| Total interest from all sources | 2023-01-01 | $243,773 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $4,416,297 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $4,416,297 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $6,399,727 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2023-01-01 | $80,315 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2023-01-01 | $81,460 |
| Administrative expenses (other) incurred | 2023-01-01 | $1,586,774 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $10,489,189 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $181,393,881 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $170,904,692 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $173,340,970 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $162,295,875 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-01-01 | $8,133,226 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2023-01-01 | $243,773 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2023-01-01 | $1,656,705 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $14,247,041 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $6,889,134 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $17,077,928 |
| Contract administrator fees | 2023-01-01 | $4,765,211 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2023-01-01 | No |
| Did the plan have assets held for investment | 2023-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Aggregate proceeds on sale of assets | 2023-01-01 | $23,558,640 |
| Aggregate carrying amount (costs) on sale of assets | 2023-01-01 | $19,975,442 |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | REILLY, PENNER & BENTON LLP |
| Accountancy firm EIN | 2023-01-01 | 390747409 |
| 2022 : ALLETE AND AFFILIATED COMPANIES WELFARE BENEFITS PLAN 2022 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $4,038,977 |
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $4,038,977 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $81,460 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $82,793 |
| Total income from all sources (including contributions) | 2022-12-31 | $-12,964,207 |
| Total loss/gain on sale of assets | 2022-12-31 | $2,336,535 |
| Total of all expenses incurred | 2022-12-31 | $24,887,884 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $19,406,770 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $17,796,638 |
| Value of total assets at end of year | 2022-12-31 | $170,986,152 |
| Value of total assets at beginning of year | 2022-12-31 | $208,839,576 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $5,481,114 |
| Total interest from all sources | 2022-12-31 | $123,408 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $3,519,597 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $3,519,597 |
| Administrative expenses professional fees incurred | 2022-12-31 | $3,728,087 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $6,223,392 |
| Assets. Other investments not covered elsewhere at beginning of year | 2022-12-31 | $1,757,198 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $81,460 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-12-31 | $82,793 |
| Administrative expenses (other) incurred | 2022-12-31 | $1,753,027 |
| Total non interest bearing cash at end of year | 2022-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2022-12-31 | $374,415 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-37,852,091 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $170,904,692 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $208,756,783 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Assets. partnership/joint venture interests at end of year | 2022-12-31 | $0 |
| Assets. partnership/joint venture interests at beginning of year | 2022-12-31 | $2,025,672 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $162,295,875 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $197,616,328 |
| Income. Interest from US Government securities | 2022-12-31 | $71,224 |
| Income. Interest from corporate debt instruments | 2022-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $8,690,277 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $7,065,963 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $7,065,963 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $52,184 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2022-12-31 | $1,701,526 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-40,779,362 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $11,573,246 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $17,705,244 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-12-31 | No |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Aggregate proceeds on sale of assets | 2022-12-31 | $18,980,880 |
| Aggregate carrying amount (costs) on sale of assets | 2022-12-31 | $16,644,345 |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | REILLY, PENNER & BENTON LLP |
| Accountancy firm EIN | 2022-12-31 | 390747409 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2022-01-01 | $4,038,977 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $4,038,977 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $81,460 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $82,793 |
| Total income from all sources (including contributions) | 2022-01-01 | $-12,964,207 |
| Total loss/gain on sale of assets | 2022-01-01 | $2,336,535 |
| Total of all expenses incurred | 2022-01-01 | $24,887,884 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $19,406,770 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $17,796,638 |
| Value of total assets at end of year | 2022-01-01 | $170,986,152 |
| Value of total assets at beginning of year | 2022-01-01 | $208,839,576 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $5,481,114 |
| Total interest from all sources | 2022-01-01 | $123,408 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $3,519,597 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $3,519,597 |
| Administrative expenses professional fees incurred | 2022-01-01 | $3,728,087 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $6,223,392 |
| Assets. Other investments not covered elsewhere at beginning of year | 2022-01-01 | $1,757,198 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-01-01 | $81,460 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-01-01 | $82,793 |
| Administrative expenses (other) incurred | 2022-01-01 | $1,753,027 |
| Total non interest bearing cash at end of year | 2022-01-01 | $0 |
| Total non interest bearing cash at beginning of year | 2022-01-01 | $374,415 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $-37,852,091 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $170,904,692 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $208,756,783 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Assets. partnership/joint venture interests at end of year | 2022-01-01 | $0 |
| Assets. partnership/joint venture interests at beginning of year | 2022-01-01 | $2,025,672 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $162,295,875 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $197,616,328 |
| Income. Interest from US Government securities | 2022-01-01 | $71,224 |
| Income. Interest from corporate debt instruments | 2022-01-01 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-01-01 | $8,690,277 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-01-01 | $52,184 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2022-01-01 | $1,701,526 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-40,779,362 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $11,573,246 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $17,705,244 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-01-01 | No |
| Did the plan have assets held for investment | 2022-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Aggregate proceeds on sale of assets | 2022-01-01 | $18,980,880 |
| Aggregate carrying amount (costs) on sale of assets | 2022-01-01 | $16,644,345 |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | REILLY, PENNER & BENTON LLP |
| Accountancy firm EIN | 2022-01-01 | 390747409 |
| 2021 : ALLETE AND AFFILIATED COMPANIES WELFARE BENEFITS PLAN 2021 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2021-12-31 | $333,196 |
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $333,196 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $82,793 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $83,809 |
| Total income from all sources (including contributions) | 2021-12-31 | $43,067,085 |
| Total loss/gain on sale of assets | 2021-12-31 | $7,785,799 |
| Total of all expenses incurred | 2021-12-31 | $25,917,077 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $20,643,674 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $20,175,156 |
| Value of total assets at end of year | 2021-12-31 | $208,839,576 |
| Value of total assets at beginning of year | 2021-12-31 | $191,690,584 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $5,273,403 |
| Total interest from all sources | 2021-12-31 | $111,857 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $3,398,831 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $3,398,831 |
| Administrative expenses professional fees incurred | 2021-12-31 | $4,024,419 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $6,378,774 |
| Assets. Other investments not covered elsewhere at end of year | 2021-12-31 | $1,757,198 |
| Assets. Other investments not covered elsewhere at beginning of year | 2021-12-31 | $2,233,987 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-12-31 | $82,793 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-12-31 | $83,809 |
| Administrative expenses (other) incurred | 2021-12-31 | $1,248,984 |
| Total non interest bearing cash at end of year | 2021-12-31 | $374,415 |
| Total non interest bearing cash at beginning of year | 2021-12-31 | $345,379 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $17,150,008 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $208,756,783 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $191,606,775 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Assets. partnership/joint venture interests at end of year | 2021-12-31 | $2,025,672 |
| Assets. partnership/joint venture interests at beginning of year | 2021-12-31 | $1,711,027 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $197,616,328 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $181,741,866 |
| Income. Interest from US Government securities | 2021-12-31 | $64,364 |
| Income. Interest from corporate debt instruments | 2021-12-31 | $45,719 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $7,065,963 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $5,658,325 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $5,658,325 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $1,774 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2021-12-31 | $1,717,525 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $11,262,246 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Contributions received in cash from employer | 2021-12-31 | $13,796,382 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $18,926,149 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2021-12-31 | No |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Aggregate proceeds on sale of assets | 2021-12-31 | $35,164,358 |
| Aggregate carrying amount (costs) on sale of assets | 2021-12-31 | $27,378,559 |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | REILLY, PENNER & BENTON, LLP |
| Accountancy firm EIN | 2021-12-31 | 390747409 |
| 2020 : ALLETE AND AFFILIATED COMPANIES WELFARE BENEFITS PLAN 2020 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2020-12-31 | $2,910 |
| Total unrealized appreciation/depreciation of assets | 2020-12-31 | $2,910 |
| Total transfer of assets to this plan | 2020-12-31 | $175,092,550 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $83,809 |
| Total income from all sources (including contributions) | 2020-12-31 | $39,249,450 |
| Total loss/gain on sale of assets | 2020-12-31 | $4,461,959 |
| Total of all expenses incurred | 2020-12-31 | $22,735,225 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $15,415,204 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $18,384,633 |
| Value of total assets at end of year | 2020-12-31 | $191,690,584 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $7,320,021 |
| Total interest from all sources | 2020-12-31 | $185,932 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $3,295,277 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $3,295,277 |
| Administrative expenses professional fees incurred | 2020-12-31 | $5,924,021 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $6,639,497 |
| Assets. Other investments not covered elsewhere at end of year | 2020-12-31 | $2,233,987 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2020-12-31 | $83,809 |
| Administrative expenses (other) incurred | 2020-12-31 | $1,396,000 |
| Total non interest bearing cash at end of year | 2020-12-31 | $345,379 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $16,514,225 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $191,606,775 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Assets. partnership/joint venture interests at end of year | 2020-12-31 | $1,711,027 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $181,741,866 |
| Income. Interest from US Government securities | 2020-12-31 | $66,795 |
| Income. Interest from corporate debt instruments | 2020-12-31 | $95,436 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $5,658,325 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $23,701 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2020-12-31 | $1,794,610 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $12,918,739 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Contributions received in cash from employer | 2020-12-31 | $11,745,136 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $13,620,594 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2020-12-31 | No |
| Did the plan have assets held for investment | 2020-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Aggregate proceeds on sale of assets | 2020-12-31 | $26,121,852 |
| Aggregate carrying amount (costs) on sale of assets | 2020-12-31 | $21,659,893 |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
| Accountancy firm name | 2020-12-31 | REILLY, PENNER & BENTON, LLP |
| Accountancy firm EIN | 2020-12-31 | 390747409 |
