How does Alerus assist the plan sponsor with loan monitoring?

Alerus provides past due loan status reports via Employer Plan Access. To review loans, including past-due loans:

  • Log in to Plan Access and select your plan
  • Under Manage My Plan, select Manage Loans
  • Under the Loan Browse tab, click on the Status drop-down menu, select Past Due, and click Go
  • Past Due Loans will show loans that are 32 days or more late.