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.