How does MAP work and how often is my account reviewed/rebalanced?
When a participant enrolls in MAP they provide relevant retirement information through an intuitive digital experience. MAP then analyzes combinations of retirement goals (retirement age and retirement income) and actions (savings rate and investment strategy). For each combination of these four elements, MAP determines the statistical likelihood that the strategy will fund an acceptable level of retirement income from the start of your retirement through your life expectancy. Alerus will monitor your managed account’s performance, periodically rebalance it back to its target allocations, and if your personal or financial circumstances lead to a different suggested strategy, we may change your investment to reflect the updated strategy. We recommend participants review and update their MAP data annually or as material changes in your personal situation occur.