Are there fees associated with managed accounts?

Yes. Fees are prorated over 365 days and applied to the average daily balance of a participant’s managed account. The fee is accrued daily and collected monthly. For more information including the fee amount, participants can view the plan’s Participant Fee Disclosure by logging into their account at alerusrb.com. From the My Alerus home page, click on the retirement account, then select My Documents from the right, side menu. Select Participant Fee Disclosure from the Document Type drop-down, then click GO.