401(k) Plan Highlights
Account Access
Visit the link below to enroll. Download the My Alerus Hub page for more information.
Contact Alerus by calling:
Contact Alerus via email:
Advice For Your Plan
You can receive one-on-one investment advice at no additional cost by contacting PHD. Retirement Consulting toll free at:
To schedule a personal financial or money coaching meeting click the email or visit the scheduling assiting to schedule a virtual meeting:
Your Contributions
You must be 21 years of age and have completed 500 hours of service with 6 months of your date of hire. If you do not complete 500 hours of service within 6 months you will have satisfied the service requirement after one year of service.
Your entry date is the day of the plan year quarter coinciding with or the next following date you satisfy eligibility requirements.
You will be auto-enrolled at 5%.
You may contribute in Pre-Tax deferrals and/or After-Tax Roth (which grows tax free).
You may roll over from a prior retirement plan to consolidate your retirement accounts.
We recommend 15% on average but no less than the 3% matching
Company Contributions
You must be 21 years of age and have completed 500 hours of service with 6 months of your date of hire. If you do not complete 500 hours of service within 6 months you will have satisfied the service requirement after one year of service.
Bare Wealth Advisors provides a Safe Harbor 401(k) plan. BWA will match 100% of the first 3% you contribute and 50% of the next 2%. If you contribute 5% you will receive 4%. This Safe Harbor matchingcontribution is 100% vested.
Your Investments
We recommend broad diversification. One option is for you to diversify the account, but the first option is to use the professionally allocated portfolios that are diversified according to your age.
If you do not make an investment election, the default investment is the Vanguard Target Date Funds.