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Our growth and strength is the product of our overriding commitment to forward thinking, building relationships with clients and organizations, and doing the little things that make a difference. Our team’s dedication to service and our commitment to competitive pricing make us a sought-after partner in the retirement and benefits space ...

Nondiscrimination Testing. The Internal Revenue Code requires that Section 125 and 105h benefit plans pass certain nondiscrimination testing each plan year to maintain tax-preferred status and for employees to avoid income taxation on benefits. Alerus’ testing services provide an opportunity to project nondiscrimination testing outcomes and ... Log in to My Alerus Is this your first visit? Username. Forgot username © 2024 Alerus Financial. Terms of Use. Privacy Key Takeaway. Your plan has elected automatic enrollment for your participants. When an employee has met plan eligibility requirements, you must set the Salary Deferral Amount to the plan’s Automatic Deferral Percentage (for example, 3%) in your payroll system. Insurance Checks. I received an insurance check in the mail with Alerus as one of the payees. What should I do next? Find answers to frequently asked questions about financial services through Alerus.

4 Your MY ALERUS dashboard. You can access MY ALERUS by simply logging in to your existing Alerus retirement account at AlerusRB.com. If you've never logged in to your … Advisory services include: Developing the Investment Policy Statement. Selecting, implementing, and monitoring your investment lineup. Working to minimize the risks inherent in overseeing plan investment options. Conducting investment manager searches and evaluations. Giving your investment committee support, guidance, and documentation. For example, assume you are receiving a distribution of $12,000, of which $2,000 is after-tax contributions. In this case, if you directly roll over $10,000 to an IRA that is not a Roth IRA, no amount is taxable because the $2,000 amount not rolled over is treated as being after-tax contributions.Log in to My Alerus Is this your first visit? Username. Forgot usernameBenefits solutions that go above and beyond. We we can provide retirement, payroll and benefit programs to a wide range of organizations. With powerful tools and guidance, you can lean on our experience to help educate and prepare your employees to make the most of their financial future. Explore how we can help: Employers. Employees.Key Takeaway. The dependent care assistance program, or DCAP, allows employees to pay for work-related child or dependent care expenses (for children under age 13 and/or older dependents who are incapable of self-care) with pre-tax dollars. Pre-tax means before state, federal, Social Security, and Medicare taxes are applied.

HEALTH SAVINGS ACCOUNT 08.18.2021 WHAT IS A HEALTH SAVINGS ACCOUNT? A Health Savings Account (HSA) is a tax-exempt spending account used in conjunction with a high deductible health plan.My Alerus is a personalized hub where you can track and improve your financial wellness, set goals, and get financial guidance from your Alerus advisor. Link your Alerus … Advisory services include: Developing the Investment Policy Statement. Selecting, implementing, and monitoring your investment lineup. Working to minimize the risks inherent in overseeing plan investment options. Conducting investment manager searches and evaluations. Giving your investment committee support, guidance, and documentation. Provide List of Terminated Participants to Penchecks. Plan Sponsor. 3. Notify Each Participant on List. Validate addresses and update as needed. Mailing includes Notice regarding Mandatory Distribution Requirement (the “letter”) and a link to the Special Tax Notice. Plan Sponsor. 4. Initiate Distribution From Plan for Each Non-Responsive ...

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Alerus Retirement and Benefits (“Alerus”) prepares these tests based on information from the plan sponsor, including the Annual Compliance Questionnaire, census, contribution data, and other related documentation. The accuracy of the information provided to Alerus is critical to the accuracy of the tests. Following is a summary of the tests ... Employers: If you need assistance creating your account, please contact our Service Center at 800-767-6377. 2. Under Manage My Contributions, select Contribution Submission. 3. Click Add New Contribution or click Copy to copy a prior submission. 4. Select the appropriate payroll frequency, then set the payroll date and click Create. 5. Select Upload to submit a file, choose the data to import Contributions Only / Contributions and Loans combined ...1. Go to alerusrb.com, click Log in, select My Alerus, then click Go. 2. The first time you log in, you will need to create an account. Click Sign Up or Create Account. You will need your Social Security number and date of birth. You will also need one of the following: Hire date Alerus health and benefits debit card number HEALTH BENEFITS …Employee Benefits. Financial Fitness Tools. Employee Retirement. Retirement Plan Advisory Services. Health Savings & Spending Accounts. COBRA. Online Access. …09.11.2020. Investment products: 1) Not FDIC insured, 2) Not guaranteed by a bank, 3) May lose value. If I swipe my debit card at a dental office will the funds come

This overview provides information about major SECURE 2.0 provisions impacting retirement plan distributions in the near term. While it is possible that regulations and guidance may change some of this information, this overview provides a breakdown of the key provisions as they stand now, and incorporates guidance from IRS Notice 2024-2. …Each Monday Payroll Reports will be available online. It lists participants who have enrolled or made a deferral rate change online during the previous week. 1. Log into Employer Plan Access. 2. Go to Manage My Files, and click Retrieve Files. 3. File type: select Payroll Reports from the drop-down menu. My Alerus Tax Forms. Tax forms related to your account will be available electronically through My Alerus. 2023 tax forms will also be mailed to you. To access tax forms, log in to your My Alerus account and select My Documents. Click the link to View All Tax Forms. Tax forms from the previous three years are available. Tax Form Release Schedule. Click Draw. Draw your signature/initials using a mouse, or your finger or a stylus on a touchscreen. 6. Click ADOPT AND SIGN to adopt and save your signature information and return to the document. 7. When you finish clicking all signature tags in the document, confirm signing by clicking FINISH.1 Log In To Employer Plan Access. Log into My Alerus.If you need help logging in, visit Employer Plan Access.. 2 Contribution Submission. Under Manage My Contributions, select Contribution Submission.; Click Add New Contribution.Select the appropriate frequency and the payroll date for the file you are uploading and click Create.Note: if you do not see the … Employers. Your time is valuable, managing a business is about more than choosing the right retirement or benefits plans. It’s about making strategic decisions for the big picture, and we’re confident we can help. Alerus aims to simplify employee benefits for employers by creating unique solutions based on your company, employees, and goals. Pre-tax benefits like flexible spending and health saving accounts cover a wide variety of health care expenses. These expenses must be necessary to treat or alleviate a physical or mental condition or illness. This includes (but is not limited to) clinical, dental, orthodontic, vision, chiropractic, pharmaceutical, or over-the-counter ...How do I submit a secure message? Log in to My Alerus and locate your account under Retirement, then select Plan Summar y from the right side menu. Click Contact Us from the top menu to upload your form.Simple Start is a four-step process that makes it easy to enroll in your retirement plan. It’s as simple as deciding how much to contribute each pay period, building your investment … Getting Started. Enrolling in your workplace retirement and benefit plan is one of the easiest ways to start planning for your financial future. As you begin your journey, you may have questions about your plan’s key features and benefits. Below is quick links to guide you through the process. COBRA. The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a health insurance program that allows eligible employees and their dependents the continued benefits of health insurance coverage when an employee loses their job or experiences a reduction in work hours.

Each retirement plan is unique and has a specific setup of rules. There are numerous factors that come into consideration including whether you are an active employee, your age, and circumstances. Contact our Client Service Center to speak with an associate who can walk you through the options available to you.

Key Takeaway. Follow your plan document and policies operationally and most importantly, keep the lines of communication open with your Alerus representative to ensure you are meeting all of your fiduciary responsibilities, and that … Username can only contain letters, numbers, @, period and underscore characters © 2024 Alerus Financial. Terms of Use. Privacy Historic flood and fire devastated Grand Forks and First National Bank North Dakota’s buildings. 2000. First National Bank North Dakota changed its name to Alerus Financial to reflect the evolution from a traditional bank to a diversified financial services company. 2002. Acquired a branch of BNC National Bank in Fargo, North Dakota. HRA Open Enrollment. Alerus provides employers and employees with access to a robust Resource Center to review information about benefits plans and view instructional and educational videos.. Enrollment forms (for external use only) can be downloaded from the Resources tab on the employer website.If you work with a benefits broker, they may …Login. Forgot Username? New User? New users can create a new account to get started. Call Customer Service at (507) 379-2818, Toll Free at (877) 661-4727 or Email us at .Key Takeaway. Your plan has elected automatic enrollment for your participants. When an employee has met plan eligibility requirements, you must set the Salary Deferral Amount to the plan’s Automatic Deferral Percentage (for example, 3%) in your payroll system.Commonly referred to as a payroll file, contribution file structure, or contribution template. This file reports employee indicative information as well as retirement plan contributions and is uploaded through Contribution Submission. Both company and personal email addresses should be included in separate columns on this file. Your personalfinancial wellness hub. My Alerus uses your most current financial data to help you reach your next milestone and improve your overall financial health. About My Alerus.

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By Phone: 800-433-1685. Client Service Center Hours: Monday – Friday. 7:00 am – 7:00 pm CT. Saturday. 8:00 am – 1:00 pm CT (website support only)How do I submit a secure message? Log in to My Alerus and locate your account under Retirement, then select Plan Summar y from the right side menu. Click Contact Us from the top menu to upload your form.Parking and transit FSAs may allow you to adjust your contributions mid-year if your expenses change and may also allow you to rollover unused amounts from plan year to plan year. See your employer for your specific plan details. As eligible expenses are incurred, employees submit claims to Alerus for reimbursement.Click “ Log In ” at the top of any alerus.com page, choose My Alerus, and select the “Go” button. If you haven’t yet registered to access your account information online, it’s no problem. Simply click “ Sign up ”. Then, simply follow the instructions on the screen to create your personal login credentials.1 Log In To Employer Plan Access. Log into My Alerus.If you need help logging in, visit Employer Plan Access.. 2 Contribution Submission. Under Manage My Contributions, select Contribution Submission.; Click Add New Contribution.Select the appropriate frequency and the payroll date for the file you are uploading and click Create.Note: if you do not see the …Alerus Retirement and Benefits (“Alerus”) prepares these tests based on information from the plan sponsor, including the Annual Compliance Questionnaire, census, contribution data, and other related documentation. The accuracy of the information provided to Alerus is critical to the accuracy of the tests. Following is a summary of the tests ...Independence Day - July 4. Closed. Labor Day – September 4. Closed. Thanksgiving Day – November 28. Closed. Christmas Eve – December 24. Closed. Christmas Day – December 25. Alerus is a valued partner to thousands of employers, advisors, and brokers who rely on our expertise and personal service to help them establish and manage successful retirement and benefits administration solutions. Our combination of national resources and local focus helps us deliver on our promise to be a strong and supportive partner. Online Distribution Reports. 1. Log in to Employer Plan Access. If you need help logging in, call 800.433.1685 for assistance. 2. Select the applicable plan by clicking on the PlanID. 3. From the summary page, click Check Disbursements on the left under Manage My Plan. Then select the Distribution Browse. We would like to show you a description here but the site won’t allow us. ….

Your transition to Alerus is now complete! Now that you’re fully transferred from Metro Phoenix Bank to Alerus, you can begin using Alerus technology platforms to conduct banking transactions and manage your finances. Below you will find important information and resources to help you get started. Go to Alerus. Nearing Retirement. Account Access. Flexible Spending Account. Health Reimbursement Agreement. Financial Calculators. Retirement. Health Savings Account. Parking and … Username can only contain letters, numbers, @, period and underscore characters Log in to My Alerus Is this your first visit? Username. Forgot username HSA Open Enrollment. Alerus provides employers and employees with access to a robust Resource Center to review information about benefits plans and view instructional and educational videos.. Enrollment forms (for external use only) can be downloaded from the Resources tab on the employer website.If you work with a benefits broker, they may …HSA – If you become disabled, your HSA account is still active, and can continue paying for qualifying medical expenses (including payments for Medicare Part A and Part B). Any distributions you make for non-qualified medical expenses may not be subject to the 20% penalty and will continue to be tax-free. Retirement – You can take withdrawals from your …Date Action; November 3, 2023: Health and welfare implementation client information form(s) must be completed and received by Alerus. November 10, 20231 Log In To Employer Plan Access. Log into My Alerus.If you need help logging in, visit Employer Plan Access.. 2 Contribution Submission. Under Manage My Contributions, select Contribution Submission.; Click Add New Contribution.Select the appropriate frequency and the payroll date for the file you are uploading and click Create.Note: if you do not see the … 2. Select Distribution Center from the left side menu. 3. Select your distribution from the options available to you. Maximum and minimum distribution amounts are listed, additional information can be viewed by clicking the Learn More link for each option. You may only make one selection per transaction. 4. GRAND FORKS, N.D. (December 18, 2020) – Alerus Financial Corporation (“Alerus”) (NASDAQ: ALRS), announced today it has completed its previously announced acquisition of Retirement Planning Services, Inc. (“RPS”), which does business as RPS Plan Administrators and 24HourFlex. RPS provides retirement and health benefits administration ... Alerusrb, MERS Account Access. Username. Forgot username? Password. Forgot password? Log In. OR. Create myMERS Account. 800-767-6377. , Tax forms related to your Alerus retirement account are available electronically through My Alerus. Documents will be uploaded to the My Documents section of My Alerus starting January 2023. Forms will also be printed and mailed. To access tax forms, log in to your My Alerus account and select My Documents. Click the link to View All Tax Forms., My Alerus Tax Forms. Tax forms related to your account will be available electronically through My Alerus. 2023 tax forms will also be mailed to you. To access tax forms, log in to your My Alerus account and select My Documents. Click the link to View All Tax Forms. Tax forms from the previous three years are available. Tax Form Release Schedule. , 1. Log into My Alerus.. 2. Select Imports from the left side menu, then click the + New import.. 3. Choose the appropriate Import type, download the template if needed, then click Next.. 4. Drag and drop or browse for your file, then click Import.. 5. You will receive a confirmation email after your import has been processed., Please submit all finalized renewal information in one email to [email protected]. Alerus may charge additional fees if incorrect renewal information is submitted and correction is needed. If you have any questions please contact the COBRA Client Service Center at 952.253.1261. Pursuant to the terms of our contract, you are solely responsible ..., Learn how to access your retirement and benefits accounts with Alerus through My Alerus or mobile apps. Find quick links to FAQs, log in instructions, registration tips, and secure …, HSA eligibility is determined on the first day of every month. You become ineligible on the first day of the month that Medicare coverage begins. For example, you turn 65 and become covered by Medicare in July. You are ineligible for an HSA beginning July 1. Individuals who lose HSA eligibility mid-year will have a pro-rated contribution ..., 1. Go to alerusrb.com, click Log in, select My Alerus, then click Go. 2. The first time you log in, you will need to create an account. Click Sign Up or Create Account. You will need your Social Security number and date of birth. You will also need one of the following: Hire date Alerus health and benefits debit card number HEALTH BENEFITS …, 8%. $2,400. $1,200. $3,600. $1,740. This example assumes a match of 100% of every dollar deferred on the first 3% deferred and 50% of the next 2% deferred. It also assumes a combined State and Federal tax rate of 27.5%. For an employee earning $30,000 annually, taking advantage of an employer match might look like this., If your form or application does not require your current or former employer’s signature or has a Medallion Signature Guarantee you may upload it directly to Alerus. If you’re unsure how to submit your form, contact our Client Service Center. Log in to My Alerus and locate your account under Retirement, then select Plan Summary from the right side menu., Our approach. Alerus recognizes that each company and partner is unique and focuses on understanding your challenges and goals. We look to identify ways to alleviate your burdens and streamline processes, creating a personalized benefits plan that works for you. Our clients understand the value of partnering with a company that has a strong ..., Independence Day - July 4. Closed. Labor Day – September 4. Closed. Thanksgiving Day – November 28. Closed. Christmas Eve – December 24. Closed. Christmas Day – December 25., An HSA is a tax-exempt savings vehicle used to accumulate money for eligible health care expenses. Your HSA may be used to pay for health care expenses as they occur, or the funds may remain in your account until you need them later in life. CONTRIBUTION LIMITS. 2023. 2024. Single (Self Only) $3,850. $4,150., My Alerus is a personalized financial wellness hub designed to help employees track and improve their finances. Our innovative tools allow employees to see how they’re doing by completing easy and intuitive workouts. They can also set personal financial goals, create a budget, and bring their entire financial life into one single view., Is this your first visit? Set up online access. Username. Forgot username. Password. Forgot password. Log In., 1. User ID is first initial of first name + last name + last four digits of Social Security Number. 2. Password is last four digits of your Social Security Number. 3. Once you have established your username and password you will be prompted to create a four-digit passcode. At that time, you can also enable Touch ID and Facial Recognition., Setting aside funds for emergencies is an essential part of financial wellness. You should generally have three to six months of income set aside for unexpected events. Unfortunately, more than 50% of Americans say they couldn’t come up with $500 at a moment’s notice. With the importance of retirement savings and paying off debt, …, Is this your first visit? Set up online access. Username. Forgot username. Password. Forgot password. Log In., 1. User ID is first initial of first name + last name + last four digits of Social Security Number. 2. Password is last four digits of your Social Security Number. 3. Once you have established your username and password you will be prompted to create a four-digit passcode. At that time, you can also enable Touch ID and Facial Recognition., You cannot generically state that you will use email. The notice must include the individual’s email address that you captured in Step 1. Available template: Initial Notice Electronic Delivery. 4. Send Notices by Email. Once you have provided the Initial Notice in Step 3, you may deliver plan notices by email., Employers: If you need assistance creating your account, please contact our Service Center at 800-767-6377., © 2024 Alerus Financial. Terms of Use. Privacy, Log in to My Alerus Is this your first visit? Username. Forgot username , If your message contains account numbers and names, Social Security numbers, balance and transaction information, credit/income history, or proprietary or other ..., Taxes. Roth contributions are made with after-tax dollars so the account grows tax free and qualified withdrawals will not be taxed. If you expect your tax bracket during retirement to be higher than now, Roth contributions may make sense for you. Seek advice from a tax professional for more detail., Taxes. Roth contributions are made with after-tax dollars so the account grows tax free and qualified withdrawals will not be taxed. If you expect your tax bracket during retirement to be higher than now, Roth contributions may make sense for you. Seek advice from a tax professional for more detail., Benefits Solutions. Our health and welfare solutions can help you offer a competitive benefit plan to your employees. As your needs continually evolve and grow, we’ll be with you every step of the way. You can lean on our experience to help educate and equip your employees to make the most of their health and benefit accounts. Get Started. , Employers: If you need assistance creating your account, please contact our Service Center at 800-767-6377., By Phone: 800-433-1685. Client Service Center Hours: Monday – Friday. 7:00 am – 7:00 pm CT. Saturday. 8:00 am – 1:00 pm CT (website support only), We offer a suite of apps to aid employees in the management of their accounts and finances. Our Retirement, Benefits, and Payroll apps give employees the ease and versatility of accessing necessary information and performing basic tasks anytime, anywhere. The Financial.Fit app provides access to financial education and guidance to help ... , © 2024 Alerus Financial. Terms of Use. Privacy , Health Savings Accounts (HSAs) Flexible Spending Accounts (FSAs) Health Reimbursement Arrangements (HRAs) Alerus has the consulting and administrative expertise to assist you and your broker with these contemporary savings solutions. We can also relieve your staff of complex employee benefit administration — including …, Employers – COBRA Continuation, Minnesota State Continuation, and Minnesota Life Continuation.