- 16,000 mutual funds available
- Advisor fee structure available
- Fund lineup must mirror 401(k) lineup
- Limit of 25 funds per lineup
- Investment threshold beginning at $2,000
- Fund changes available
Alerus has the consulting and administrative expertise to assist you and your broker with a competitive benefits plan for your employees.
We provide an open architecture HSA platform that allows access to all available mutual funds on the platform.
With health insurance costs continuing to soar, many employers have implemented innovative cost-control strategies centered around:
An HSA is a savings account that allows employees to set aside pre-tax money to pay for qualified medical expenses. HSAs can help lower out-of-pocket healthcare costs by using untaxed dollars to pay for deductibles, copayments, coinsurance, and more. HSA funds can be used at any time, and the balance in the account grows tax-free.
Employers can benefit from HSAs in several ways, including lower payroll taxes, income tax deductions, reduced premiums, and higher retention rates.
An FSA is a benefit that allows employees to set aside pre-tax money from their paycheck to pay for certain health and dependent care expenses. FSA funds are not taxed, so employees save an amount equal to the taxes they would have paid on the money set aside.
FSAs can benefit employers in several way, including tax savings, healthcare coverage enhancement, control over the plan, and attracting/retaining talent.
An LSA is an employer-funded benefit that gives employees post-tax money to spend on expenses related to their lifestyle. Employers can customize LSAs to include a variety of eligible spending categories, such as wellness, fitness, childcare, and more.
An HRA is a group health plan employers fund and own that provides tax-free reimbursements to employees for qualified medical expenses.
