Fiduciary Protection Plan

Investment and Fiduciary Support

What You Should Know
As a fiduciary under The Employee Retirement Income Security Act of 1974 (ERISA), plan sponsors are required to act prudently and solely in the interest of plan participants and beneficiaries. This responsibility includes the selection and ongoing monitoring of the plan's investment options. As plan and investment issues become more complicated, it makes sense to team up with a provider who is prepared, committed, and uniquely qualified to assume the role of investment fiduciary.

How We Can Help
Alerus Retirement Solutions is pleased to introduce the Fiduciary Protection Plan, a new level of investment and fiduciary support designed exclusively for retirement plan sponsors. This support would be offered by Alerus Investment Advisors, a registered investment advisory firm, which is a subsidiary of Alerus Financial, N.A. Plan sponsors, and other plan fiduciaries, can appoint an investment manager, as defined by ERISA section 3(38), with the authority and responsibility to manage, acquire, or dispose of plan assets. By engaging Alerus as an ERISA section 3(38) investment manager, the responsibility associated with the selection, ongoing monitoring, and replacement of your plan's investment options, is transferred from you as the plan sponsor, to Alerus as an independent fiduciary.

The Fiduciary Protection Plan includes the following services:
• Accept and acknowledge fiduciary responsibilities in writing
• Shift investment responsibility from plan sponsor to Alerus
• Investment policy development and ongoing monitoring
• Investment manager searches, evaluations, and decisions
• Support and guidance for your investment committee

Alerus' dedicated team of investment professionals utilizes a sophisticated research process to analyze and monitor hundreds of investment options. In addition to our proprietary investment process, the professionals at Alerus have significant ERISA experience which ensures compliance with complicated and detailed fiduciary requirements. This combination allows Alerus to formally acknowledge our responsibility, and accept the liability for the selection, monitoring, and replacement of the plan's investment options.

Who To Contact
To learn how the Fiduciary Protection Plan can help you manage your fiduciary responsibility and risk, please contact us at 800.433.1685.

Alerus Investment Advisors Corporation, a registered investment advisory firm, is a subsidiary of Alerus Financial, N.A. Investment products: 1) are not FDIC insured; 2) are not deposits or obligations of a bank; and 3) involve investment risk, including possible loss of the principal amount invested.