New Perspective Senior Living 401(k) Plan: Login, Facts & Contact Information

New Perspective Senior Living 401(k) Plan Facts

Plan name
NEW PERSPECTIVE SENIOR LIVING 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
NEW PERSPECTIVE SENIOR LIVING, LLC
Participants
1,951 (1,730 active employees)
Former employees with a balance
747
Plan assets
$16,176,671 at Dec 31, 2024
Average account balance
$6,797 across 2,380 accounts
Employer contributions
$1,534,176 in plan year 2024 (33% of all contributions)
Recordkeeper
Alerus Financial, N.a.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Apr 1, 2008
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 2, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.66 million went into the plan in contributions, $1.53 million of it from the employer (33%).
  • $1.64 million was paid out to participants.
  • Investment and other income added $1.71 million.
  • Administrative expenses were $244,078, about $103 per account.

How the New Perspective Senior Living 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,264$2.15 million$9,619$111,416
20201,135$3.32 million$340,883$296,165
20211,233$4.67 million$456,370$572,885
20221,133$6.44 million$1.06 million$505,664
20231,488$11.6 million$1.31 million$1.05 million
20241,951$16.2 million$1.53 million$1.64 million

New Perspective Senior Living 401(k) Contact Information

Phone
952-241-8238
Mailing address
5900 CLEARWATER DRIVE, SUITE 500, MINNETONKA MN 55343
Plan sponsor
NEW PERSPECTIVE SENIOR LIVING, LLC
Employer identification number (EIN)
61-1572941
Plan number
001

Questions about the New Perspective Senior Living 401(k)

Does New Perspective Senior Living contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.53 million, 33% of all contributions.

Does the New Perspective Senior Living 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the New Perspective Senior Living 401(k) plan?

1,951 participants at the start of plan year 2024, 1,730 of them active employees, and 747 former employees who still had money in the plan.

What is the average 401(k) balance at New Perspective Senior Living?

About $6,797 per account: $16.2 million in plan assets across 2,380 accounts with a balance at the end of plan year 2024.

Who manages the New Perspective Senior Living 401(k) accounts?

Alerus (listed on the filing as ALERUS FINANCIAL, N.A.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at New Perspective Senior Living. How do I access my 401(k)?

Your account stays with Alerus after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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