Northwest Financial Corp 401(k) Plan: Login, Facts & Contact Information

Northwest Financial Corp 401(k) Plan Facts

Plan name
NFC 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
NORTHWEST FINANCIAL CORP
Participants
515 (409 active employees)
Former employees with a balance
85
Plan assets
$65,633,390 at Dec 31, 2024
Average account balance
$134,495 across 488 accounts
Employer contributions
$1,253,501 in plan year 2024 (27% of all contributions)
Recordkeeper
Alerus Financial, N.a.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Sep 6, 1984
✓ 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 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.63 million went into the plan in contributions, $1.25 million of it from the employer (27%).
  • $5.71 million was paid out to participants.
  • Investment and other income added $8.17 million.
  • Administrative expenses were $157,931, about $324 per account.

How the Northwest Financial Corp 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019454$44.7 million$871,010$6.65 million
2020442$53.2 million$981,882$2.59 million
2021488$62.5 million$1.04 million$3.70 million
2022487$51.7 million$1.06 million$3.31 million
2023496$58.7 million$1.10 million$6.70 million
2024515$65.6 million$1.25 million$5.71 million

Northwest Financial Corp 401(k) Contact Information

Phone
712-262-4100
Mailing address
431 202ND STREET, ARNOLDS PARK IA 51331
Plan sponsor
NORTHWEST FINANCIAL CORP
Employer identification number (EIN)
42-1325482
Plan number
002

Questions about the Northwest Financial Corp 401(k)

Does Northwest Financial Corp contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.25 million, 27% of all contributions.

Does the Northwest Financial Corp 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Northwest Financial Corp 401(k) plan?

515 participants at the start of plan year 2024, 409 of them active employees, and 85 former employees who still had money in the plan.

What is the average 401(k) balance at Northwest Financial Corp?

About $134,495 per account: $65.6 million in plan assets across 488 accounts with a balance at the end of plan year 2024.

Who manages the Northwest Financial Corp 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 Northwest Financial Corp. 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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