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.Independence Day - July 4. Closed. Labor Day – September 4. Closed. Thanksgiving Day – November 28. Closed. Christmas Eve – December 24. Closed. Christmas Day – December 25.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 ...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 ...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 ...The individual must be enrolled in a qualified, high deductible health plan. See minimum deductible limits here.. The individual cannot: Be claimed as a dependent on any other person’s tax return.The debit card will take what funds are available from the limited purpose flexible spending account and take the remaining balance (if any) from your health savings account if available.Alerus Mobile Banking. The Alerus Mobile app puts everyday banking tasks at your fingertips. It's fast and secure. View account balances. Transfer money and pay bills. … 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. An efficient, proven process exists for assuring optimal communication between your organization and Alerus on qualifying events, changes in status, and other sensitive information impacting COBRA and State Continuation. Alerus helps you interpret compliance laws and carry out your policy so you can maintain coverage only for qualified ... With the Alerus Retirement app, participants of our employer-sponsored plans receive fast, free, and secure inquiry access to their account information. View account activity. View balances by investment. Contribution information. Personal rates of return. 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 ... 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. What are the tax savings of a qualified retirement/cafeteria plan? What are my new business startup costs? Should I pay or charge monthly, quarterly or annually?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.Alerus offers financial wellness education and guidance to help employees with retirement savings, debt management, insurance, and emergency savings. Employees can access …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. …My Alerus uses your most current financial data to help you reach important milestones and improve your financial health. With personalized support from your Alerus advisor, you’ll have the financial guidance to reach higher. Financial wellness score Your financial wellness score with measurement across five key workout areas.Instructions. 1. Log into your account. See Benefits Account Access for help with logging in. 2. Click the Investments Summary selection under the I Want To … menu on the left. IMPORTANT: YOU MUST DEFINE YOUR INVESTMENT SWEEP AMOUNT BEFORE MAKING INVESTMENT ELECTIONS TO YOUR HSA. Planning your retirement paycheck. Planning for retirement often focuses on things that happen before you retire. That’s perfectly fine if you still have several years to go. But as many people near retirement, focus shifts from accumulation to distribution, and practical retirement paycheck questions, such as, how will my retirement money ... Grace Period Features. A FSA grace period extends the length of time you can use your FSA funds beyond the end of the plan year. For all benefits, health FSA, limited purpose, and dependent care. Extends up to two and a half months after the end of the plan year. Review your benefits plan document for provision details. © 2024 Alerus Financial. Terms of Use. Privacy Alerus offers banking, loans, investments and insurance solutions for individuals and businesses. Learn how Alerus can help you achieve your financial goals with customer …Final service date is the last day you can spend money on qualified health care items or services from your health or limited purpose flexible spending account. The final filing date is the last day you can file for reimbursement for those qualified health care items or services. For example, Jordan’s final service date is…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 … © 2024 Alerus Financial. Terms of Use. Privacy Learn how to view and manage your retirement account online with Alerus. Follow the steps to log in, set up, and access your plan account details, such as balances, … © 2024 Alerus Financial. Terms of Use. Privacy 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.Employers: If you need assistance creating your account, please contact our Service Center at 800-767-6377.The individual must be enrolled in a qualified, high deductible health plan. See minimum deductible limits here.. The individual cannot: Be claimed as a dependent on any other person’s tax return. 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 portfolio with the help an investor questionnaire, and designating a beneficiary. 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 ...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. My Alerus uses your most current financial data to help you reach important milestones and improve your financial health. With personalized support from your Alerus advisor, you’ll have the financial guidance to reach higher. Financial wellness score Your financial wellness score with measurement across five key workout areas. 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.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.Is this your first visit? Set up online access. Username. Forgot username. Password. Forgot password. Log In.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 …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.PO Box 64535. St. Paul, MN 55164-0535. To overnight retirement contribution checks, please use the following mailing address: Alerus Retirement and Benefits. Two Pine Tree Drive, Suite 400. Arden Hills, MN 55112.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)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 .2. Select Make HSA Contribution. 3. If you have not added banking information, you will be required to do so before proceeding. Click on Add Bank Account and follow the prompts. When you are finished, choose Make HSA Contribution again. 4. Enter the amount you would like to contribute to your HSA. You have the option to make a one-time HSA ...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 ...The individual must be enrolled in a qualified, high deductible health plan. See minimum deductible limits here.. The individual cannot: Be claimed as a dependent on any other person’s tax return. 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. 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.The IRS limits the amount a Highly Compensated Employee (HCE) may contribute to the plan and the amount of match they may receive. In general, the average rate for the HCEs as a group cannot exceed the average rate for the other participants by more than 2%.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 ... Employers: If you need assistance creating your account, please contact our Service Center at 800-767-6377. Click on Plan Summary on the right side menu. Select Manage Beneficiaries on the left. Select add, edit, or remove beneficiary. Review and answer the beneficiary questions, click Next. Review your primary and secondary beneficiaries. Change and or delete beneficiaries as needed. Verify that the information provided is correct, and click Finish. 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 ... FSA 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 …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 ... 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. Log in to My Alerus Is this your first visit? Username. Forgot username © 2024 Alerus Financial. Terms of Use. PrivacyNondiscrimination 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 usernameAlerus Mobile Banking. The Alerus Mobile app puts everyday banking tasks at your fingertips. It's fast and secure. View account balances. Transfer money and pay bills. …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 … 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. How to enroll in My Alerus. 2. Navigate to your Retirement Account view. 3. Select Plan Summary in the top, right column. 4. The Plan Summary link will transfer you to your Retirement Account Access. 5. Select the SmartPlan button in …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 …Entry may also be used to enter one-time contributions. Under Manage My Contributions, select Contribution Gateway. Click Add New Contribution. Select the appropriate … 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. 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.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).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.© 2024 Alerus Financial. Terms of Use. PrivacyClick “ 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.The following is a chart citing the primary differences between stable value, money market, and Alerus Money Market accounts. Can vary by fund. Most funds are similar to a diversified short-term bond portfolio with average maturity between 2 and 5 years. Short-term interest paying securities.The debit card will take what funds are available from the limited purpose flexible spending account and take the remaining balance (if any) from your health savings account if available.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.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.Please bottom of Page 7 for important disclosures. GUIDE TO RETIREMENT :: 1 PREPARING FOR RETIREMENT “Retirement once seemed a long way off,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, …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 …Final service date is the last day you can spend money on qualified health care items or services from your health or limited purpose flexible spending account. The final filing date is the last day you can file for reimbursement for those qualified health care items or services. For example, Jordan’s final service date is… 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 ... Planning your retirement paycheck. Planning for retirement often focuses on things that happen before you retire. That’s perfectly fine if you still have several years to go. But as many people near retirement, focus shifts from accumulation to distribution, and practical retirement paycheck questions, such as, how will my retirement money ... The Alerus Health Benefits Card draws funds directly from your health benefits account to pay for eligible expenses. It can only be used at places where you might obtain medical, dental, vision, dependent care, parking, or transit services (please check your plan for covered benefits) with providers accepting Visa®. Simply present it to ...For HRA claims only, you must include the Explanation of Benefits from your insurance carrier. *Clinic, Dentist, etc. I certify that the information contained in this form is to the best of my knowledge true and correct, and each item of expense is eligible for reimbursement. I also certify that all items requested to be reimbursed comply with ...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.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.
Alerus offers integrated solutions for retirement and employee benefits plans, with professional, accurate and timely service. Find financial confidence with tools, guidance …. Translate to thai language
Employers – COBRA Continuation, Minnesota State Continuation, and Minnesota Life Continuation. 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. © 2024 Alerus Financial. Terms of Use. Privacy 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. 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. 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.Welcome to Alerus. 24HourFlex is now Alerus Retirement and Benefits. To log in to your account, or access educational and instructional materials, visit the Resource Center at …Once we receive your request in good order, our standard turnaround time is three to five business days. For checks, allow additional time for mailing from Saint Paul, Minnesota. Direct deposit requires an additional one to two business days to process. Contact our Client Service Center to speak with an associate for specific details about…For HRA claims only, you must include the Explanation of Benefits from your insurance carrier. *Clinic, Dentist, etc. I certify that the information contained in this form is to the best of my knowledge true and correct, and each item of expense is eligible for reimbursement. I also certify that all items requested to be reimbursed comply with ...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 ...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 ...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 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. 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. 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.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 …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.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 ...Click on Plan Summary on the right side menu. Select Manage Beneficiaries on the left. Select add, edit, or remove beneficiary. Review and answer the beneficiary questions, click Next. Review your primary and secondary beneficiaries. Change and or delete beneficiaries as needed. Verify that the information provided is correct, and click Finish..