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 …Benefits 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.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.2. From the My Alerus dashboard, select your benefit plan from the Accounts section and then click Manage My Account. 3. After you have successfully logged into your account, click the drop-down next to your name at the top of the page and click Profile Summary. Then click Add Beneficiary. 4.As you near retirement, there are a lot of things to consider. Alerus has put together a Guide to Retirement to help you navigate your path towards a successful retirement.; Refer to Options For Your Retirement Plan Balance When You Retire for a brief overview of the options available as you near retirement. 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. 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 ...Register online by following the steps below or download step-by-step instructions (PDF). Enter your first name and last name. Select a verification method from the dropdown list. Enter your Social Security number, date of birth, phone number (This phone number will be used to verify your identity at login), username, personal email address, and password. …PLAN GATEWAY PLAN SPONSOR WEBSITE SUMMARY Monitor alerts for timely updates and notices. At-a-glance summary of plan assets, last contribution, plan participation, web usage, and participant balances by age.. Log in to our sponsor website by following these easy steps: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.Recordkeeping, trustee, and/or custody services are provided through Alerus Retirement and Benefits, a division of Alerus Financial, N.A. (Alerus).Key Takeaway. SECURE Act 2.0 was signed into law on December 29, 2022. At nearly 400 pages in length, SECURE Act 2.0 is a complex retirement reform package and includes many changes that will impact plan administration and employees’ saving habits. While changes and clarity are expected as additional regulations and guidance are issued, the ...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 ...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.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 …An HRA, or health reimbursement arrangement, is a kind of health spending account provided and owned by an employer. The money in it pays for qualified expenses, like medical, pharmacy, dental, and vision, as determined by the employer. HRA limits and eligible expenses are plan specific; check with your employer or review plan documents …Form 5498-SA reports each HSA owner’s total contributions for a given tax year, as well as the fair market value of their HSA as of the end of the year. Form 5498-SA will be available online at alerusrb.com and in the Alerus Benefits mobile app no later than January 31, 2023. Form 5498-SA is for informational purposes only and is not part of ...Employee Benefits. Financial Fitness Tools. Employee Retirement. Retirement Plan Advisory Services. Health Savings & Spending Accounts. COBRA. Online Access. …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.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.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.A flexible spending account (FSA) allows employees to pay for qualified medical, dental, vision, or dependent care expenses with pre-tax dollars. Pre-tax means before state, federal, Social Security, and Medicare taxes are applied.Nearing Retirement. Account Access. Flexible Spending Account. Health Reimbursement Agreement. Financial Calculators. Retirement. Health Savings Account. Parking and Transit. Find financial confidence with services, technology and proactive guidance that supports you in your daily life and long-term goals.MANDATORY FOR PLANS Effective for: Plan years beginning after 12.31.2024 Applies to: 401(k) plans and 403(b) plans subject to ERISA SECURE 2.0 updates the LTPT employee rule from the SECURE Act, reducing the number of consecutive years with 500 or more hours of service an employee needs to qualify as an LTPT employee from three to two.Open enrollment season is underway for your new plan year. Below are resources and tools to ensure you have everything you need to succeed in your enrollment.For starters, consider the following options. Seek tax advice to further understand the impact of your choices. Contact our Client Service Center to speak with an associate who can walk you through the options available to you. IRA Rollover. Lump Sum Withdrawal. Current Plan. Investment Choices. The variety of investment options depends on the ...Alerus offers banking, loans, investments and insurance solutions for individuals and businesses. Learn how Alerus can help you achieve your financial goals with customer … Open an Account. Choose the account you would like to open: (Required Field) * Required. A flexible spending account (FSA) allows employees to pay for qualified medical, dental, vision, or dependent care expenses with pre-tax dollars. Pre-tax means before state, federal, Social Security, and Medicare taxes are applied.In today’s competitive environment, you need a partner you can trust. Whether its prompt and reliable service, competitive pricing, or a truly open-architecture design, Alerus’ flexible model and client-focused approach is built to support both you and your clients. Contact us to learn more about Alerus and discuss how our firms could be a ...A flexible spending account (FSA) allows employees to pay for qualified medical, dental, vision, or dependent care expenses with pre-tax dollars. Pre-tax means before state, federal, Social Security, and Medicare taxes are applied.Alerus Retirement Consulting is a division of Alerus Financial Corporation (Alerus). As a multi-billion dollar, publicly traded, diversified financial services company, Alerus is a long-term player in the retirement industry. Alerus serves clients nationally in all 50 states, with employees primarily located in North Dakota, Minnesota, Michigan ...Let's look at some common issues first: What is the status of my FSA Claim? Typical processing time for an FSA claim is 3-5 business days. To review your claims, log in to your account, select your plan under Accounts, then click Go to My Account from the Quick Links. Why was my claim denied?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 …A limited purpose flexible spending account (FSA) allows employees covered by a health savings account (HSA) to pay for vision, dental, and orthodontic expenses with pre-tax dollars. Pre-tax means before state, federal, Social Security, and Medicare taxes are applied. If an employee and/or spouse is covered by an HSA, they cannot contribute to ...Recordkeeping, trustee, and/or custody services are provided through Alerus Retirement and Benefits, a division of Alerus Financial, N.A. (Alerus).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.Alerus recommends that you review your loans on a regular basis. We provide past due status reports via Employer Plan Access. To review loans, including past due loans: Log in to Employer Plan Access and select your plan. Under Manage My Plan, select Manage Loans. Under the Loan Browse tab, click on the Status drop-down menu, select Past … © 2024 Alerus Financial. Terms of Use. Privacy My Alerus is your online portal to access your banking, retirement, and wealth management accounts.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 ...The Alerus Retirement mobile app allows participants of Alerus employer-sponsored plans to receive fast, free, and secure access to their account information. Access your account using your existing online username and password. Participants can receive important alerts, check balances, view investment performance graphs, and …To connect to the employee self-service, go to alerusrb.com, click login, and select Payroll (Alerus). A secure user log-in window will appear. Enter the case sensitive information. Company short name. If you do not know your company’s short name, contact your human resources manager. Username = First Initial + Last Name + Last 4 of SocialFor 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. Client Service Center. 800.279.3200. Monday – Friday 7:00 am – 7:00 pm CT. Saturday 8:00 am – 1:00 pm CT. For assistance with online business services, clients can contact the Treasury Management Solutions Center by calling 800.279.3200 and selecting option 1, then option 2 for Business Essentials or option 3 for Commercial Advantage. 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.Go to alerusrb.com, click Log in. 2. If this is your first time you logging in, you will need to create an account. Click Set up online access. 3. Next, you will be presented with an electronic consent form and terms and conditions. Review and click Accept. 4. Select a phone number and your preferred method of authentication (text or call).Instructions: Log into Employer Access. The first time you log in, you will need to set up online access. Enter your Plan Access Username and temporary Password. Follow the prompts to set up and validate your account. Once sign up is complete, click the Log in button and enter your new credentials. Select Plan Access and click the Plan ID to ...1. Go to alerusrb.com and click LOGIN. 2. The first time you log in, you will need to create an account. Click Create Account. You will need your Social Security Number and date of birth. You will also need one of the following: Alerus Retirement and Benefits hire date Alerus Health Benefits Debit Card number 3.IRS has certain correction procedures for debit card transactions that are not properly substantiated: Notify participant that the debit card swipe needs to be substantiated (Alerus does). Disable use of debit card if proper documentation is not provided by deadline (Alerus does). Offset the debit card swipe amount against future claims (Alerus ... 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. Health Savings Account. An HSA (health savings account) is a tax-advantaged medical savings account that is paired with low premium, high-deductible insurance plans. The funds within an HSA can be used to pay for qualified medical expenses at any time without federal tax liability or penalty.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.Retirement. An employer-sponsored plan is an easy and convenient way to save regularly for retirement. Plus, contributing on a tax-deferred basis allows your investments to grow at a much faster rate than a taxable savings program. Participation in your plan represents an important commitment to building a comfortable retirement.PRE-TAX BENEFITS ELIGIBLE EXPENSES 04.09.2021 1HSA eligible.2Personal Protective Equipment for the primary purpose of preventing the spread of COVID-19 (purchased after 1.1.2020). Acupuncture Alcoholism Treatment Ambulance Artificial Limbs / Teeth - LP Bandages Birth Control PillsEach 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.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. Nearing Retirement. Account Access. Flexible Spending Account. Health Reimbursement Agreement. Financial Calculators. Retirement. Health Savings Account. Parking and Transit. Find financial confidence with services, technology and proactive guidance that supports you in your daily life and long-term goals. Alerus offers financial wellness education and guidance to help employees with retirement savings, debt management, insurance, and emergency savings. Employees can access … Personal loans from Alerus allow you to borrow a specific amount for things like a car, a recreational vehicle, or debt consolidation. Our loans offer predictable monthly payments, competitive interest rates and a variety of payment options. Our personal loan calculator tools helps you see what your monthly payments and total costs will look ... Plan Contribution Overview. This overview provides information about major SECURE 2.0 provisions impacting retirement plan contributions 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 ... A $5 monthly reward will be paid each month if: 1) a direct deposit is made and 2) at least 12 debit card transactions are processed. A qualifying direct deposit is a direct deposit of your salary, pension, Social Security, or other regular monthly income electronically deposited to your account by your employer or an outside agency. Unlike a Roth IRA, Roth amounts within a qualified retirement plan, including Roth conversions, are subject to required minimum distribution rules. This means you will be required to start taking distributions when you terminate employment or if later, reach age 72*. If you are a more than 5% owner, distributions must begin at age 72*.Financial Fitness Tools. Employee Retirement. Retirement Plan Advisory Services. Health Savings & Spending Accounts. COBRA. Online Access. Online Banking. Business Mobile Banking. Retirement Plan Gateway.Information. COBRA Termination and Reinstatement Employer Responsibilities. How-to. Add New Plan Members, New Hires and/or Qualified Beneficiaries. Create Various COBRA Reports. Import Contribution Files. Navigate the Broker Website. Still need our help? Our support team is waiting to assist you.Tax-Deferred Savings. Tax-deferred savings provide you with two important benefits: First, no federal income tax is deducted from the amount you defer into the plan. Second, the funds in your account keep growing without any federal taxes on the investment earnings. You don’t pay taxes until you begin withdrawing money.Employee Benefits. Financial Fitness Tools. Employee Retirement. Retirement Plan Advisory Services. Health Savings & Spending Accounts. COBRA. Online Access. …And participants must begin taking money out of the plan once they reach a certain age. If you participate in an employer-sponsored plan, the IRS requires that you begin taking Required Minimum Distributions (RMDs) from your account no later than April 1 of the year following the year you reach age 72*. If you take your first RMD on April 1 ...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.How often can I change my investments? You can change your investments daily, if desired, but be aware that some funds have restrictions on how often they can be traded. Review short term trading fees before making changes.Model and Apply For a Loan Online: 1. Log into your participant account. If you need help logging in, visit Retirement Account Access. Note: to reach your retirement account from the My Alerus home page, select your plan under Retirement and click the Plan Summary link on the right side of the page. 2. Select Loan Center from the left side menu.PLAN GATEWAY PLAN SPONSOR WEBSITE SUMMARY Monitor alerts for timely updates and notices. At-a-glance summary of plan assets, last contribution, plan participation, web usage, and participant balances by age.. Log in to our sponsor website by following these easy steps: Securing your future. You may find yourself daydreaming about what life will be like when you retire, Alerus can help examine those dreams and look for opportunities to make them a reality. Advisors assist in analyzing your lifestyle, spending habits, short-terms plans, and long-term considerations to help find the best plan to fit your situation. 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.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 … lerus participants take time to think things through. They don’t take the easy way out. They take the high road, the road less traveled. They take responsibility. 1. Go to alerusrb.com, click Login, select Employer Access, then click Go. 2. Enter your plan sponsor Username and temporary Password. Click Sign In. 3. Next, you will be presented with an electronic consent form and terms and conditions. Review and click Accept. 4. On the next screen, reset your temporary Password by enteringEntry may also be used to enter one-time contributions. Under Manage My Contributions, select Contribution Gateway. Click Add New Contribution. Select the appropriate … Client Service Center. 800.279.3200. Monday – Friday 7:00 am – 7:00 pm CT. Saturday 8:00 am – 1:00 pm CT. For assistance with online business services, clients can contact the Treasury Management Solutions Center by calling 800.279.3200 and selecting option 1, then option 2 for Business Essentials or option 3 for Commercial Advantage. Employee Benefits. Financial Fitness Tools. Employee Retirement. Retirement Plan Advisory Services. Health Savings & Spending Accounts. COBRA. Online Access. …The Alerus retirement mobile app allows participants of Alerus employer-sponsored plans to receive fast, free, and secure access to their account information. Participants can receive important alerts, check balances, view investment allocation graphs, and review contribution amounts. The app allows for quick access to confirm rates, monitor ...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.Employers – COBRA Continuation, Minnesota State Continuation, and Minnesota Life Continuation.
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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 … Is this your first visit? Set up online access. Username. Forgot username. Password. Forgot password. Log In. Please bottom of Page 7 for important disclosures. GUIDE TO RETIREMENT :: 1 PREPARING FOR RETIREMENT “Retirement once seemed a long way off, lerus participants take time to think things through. They don’t take the easy way out. They take the high road, the road less traveled. They take responsibility. Savings Accounts. Regular Savings, Emergency fund and Money Market Account: Certain types of withdrawals and transfers are limited to a combined total of six per calendar month. This includes checks or drafts to third parties, debit card purchases, preauthorized withdrawals and automatic transfers, and transfers made by telephone, online or ...Employers – COBRA Continuation, Minnesota State Continuation, and Minnesota Life Continuation. Securing your future. You may find yourself daydreaming about what life will be like when you retire, Alerus can help examine those dreams and look for opportunities to make them a reality. Advisors assist in analyzing your lifestyle, spending habits, short-terms plans, and long-term considerations to help find the best plan to fit your situation. A $5 monthly reward will be paid each month if: 1) a direct deposit is made and 2) at least 12 debit card transactions are processed. A qualifying direct deposit is a direct deposit of your salary, pension, Social Security, or other regular monthly income electronically deposited to your account by your employer or an outside agency. The content available on this site is provided for informational purposes only, is not intended as an offer or solicitation for the purchase or sale of any financial instruments and should not be relied upon as an investment recommendation.Log in to My Alerus Is this your first visit? Username. Forgot username1 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 …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 …Form 5498-SA (informational purposes only) Form 5498-SA reports total contributions for the prior tax year, as well as the fair market value of your HSA as of the end of the year. This form is not part of your tax return. Form 8889. You’ll use the information from your 1099-SA and/or 5498-SA to complete Form 8899 when filing your tax return.Alerus offers integrated solutions for retirement and employee benefits plans, with professional, accurate and timely service. Find financial confidence with tools, guidance …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 … At Alerus, our investment philosophy and process are to take a long-term view and prudently manage risk through asset allocation. This philosophy extends to periods of global economic change. Instructions: Log into your participant account. If you need help logging in, visit Retirement Account Access. Note: to reach your retirement account from the My Alerus homepage, … 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. Model and Apply For a Loan Online: 1. Log into your participant account. If you need help logging in, visit Retirement Account Access. Note: to reach your retirement account from the My Alerus home page, select your plan under Retirement and click the Plan Summary link on the right side of the page. 2. Select Loan Center from the left side menu..