Asset Management and Trust Services

Financial Planning, Investing, and Consultation
Alerus Financial provides the following trust or custodial services:

Fiduciary Responsibility
We act as custodian or named trustee in the plan document

Asset Handling
• Custodial services
• Deposit plan contributions
• Process benefit and loan distributions
• Asset valuation services

Trust Reporting
• Consolidated reporting on investments
• Consolidated tax reporting
• IRS Form 5500 report summaries and asset certification
• IRS Form 1099-R preparation and distribution
• Quarterly trust reports