What we do
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 space.
Alerus provides a wide variety of service models and plan types within bundled or unbundled solutions. We have extensive experience handling all facets of 401(k), 403(b), 457, ESOP, and profit sharing plans.
Plan services include:
- ERISA consulting
- ADP/ACP testing
- 410(b) testing
- Annual and quarterly statements
- Comprehensive plan reporting
- Retirement plan design and analysis
- Preparation of plan document and SPD
- Plan document maintenance and amendments
- Signature-ready IRS form 5500 and accompanying schedules
- Fully prepared IRS forms
- Nondiscrimination and compliance testing
- Required minimum distribution processing
- QDRO processing
- Preparation of required participant notices
- Assistance with 404a-5 compliance