Create a Plan

At Alerus Retirement Solutions, we pride ourselves in assisting ALL of our clients with innovative ways to address retirement plan issues. We provide creative ways to enhance the retirement plan benefits you offer your employees. We have a full range of prototype and volume submitter documents available to fit a variety of plan needs, including:


401(k)
Profit Sharing
Money Purchase
403(b)


During the plan installation process, our experienced compliance team will guide you through a thoughtful series of questions to allow you to design and fine-tune various aspects of your retirement plan. In short, we get retirement and we know your challenges and opportunities inside and out. Here is just a short list of common needs we address:


Have you had issues passing annual compliance tests and would you like to prevent refunds to your highly paid staff?
Alerus offers safe harbor plans, automatic enrollment, step-up plans, and Roth.

Would you like flexibility in making an annual plan contribution?
Alerus offers standard plan document design to have discretionary formulas.

Do you need help identifying key plan features to entice top-notch applicants?
Alerus assists with common provisions which allow benefit maximization.

Would you like guidance on how to maximize benefits for a specific group of employees, such as your executive team?
Alerus offers contribution formulas such as pro-rata, integrated, cross-tested, administer non-qualified, and deferred compensation plans.

Do you need help paying out benefits to terminated participants?
Alerus offers plan design, force out options, ARS rollover services, and Alerus IRAs.

Do you need help drafting an Investment Policy Statement (IPS) and does your current IPS need updating?
Alerus helps you create and/or review your Investment Policy Statement to make sure it is right for your organization.

Do the investment funds offered in your plan cover the entire risk spectrum?
Alerus provides a detailed investment review to help you analyze your fund lineup and will work with you to add, remove, or replace funds as necessary.

Are the expense ratios of the mutual funds offered in your lineup high?
Alerus provides a detailed investment review to help you analyze the expense ratios in your fund lineup - you may be paying more in fees than you know!