Trust & Custodial | Alerus Retirement Services

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
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