Alerus retirement and benefits
Author: g | 2025-04-24
About Alerus Retirement and Benefits. Alerus Retirement and Benefits is located at 2501 Coolidge Rd 207 in East Lansing, Michigan . Alerus Retirement and Benefits can be contacted via phone at for pricing, hours and directions. About Alerus Retirement and Benefits. Alerus Retirement and Benefits is located at 2 Pine Tree Dr Suite 310 in Arden Hills, Minnesota . Alerus Retirement and Benefits can be contacted via phone at for pricing, hours and directions.
Welcome to Alerus Retirement and Benefits (Alerus)
Kory Sondreal Senior Business Advisor, Retirement Specialist Email Kory Kory Sondreal joined Alerus in 1984 and has specialized in retirement services since 1987. As a senior business advisor, Kory delivers comprehensive financial advice to business clients, specializing in retirement solutions including 401(k) plans, employee stock ownership plans (ESOPs), health and wellness programs, payroll, wealth management, insurance, and other services. He works closely with experts across Alerus to ensure business clients have access to its full suite of diversified services to meet their financial objectives. Kory’s knowledge of the industry and commitment to maintaining the highest level of client service help participants make informed choices that enable greater financial security.Originally from Northwood, North Dakota, Kory holds a bachelor’s degree in business administration from the University of North Dakota in Grand Forks. In 1989, he became the first person in North Dakota to achieve Certified Employee Benefits Specialist (CEBS) professional designation. Kory is a past board member and chairman of Valley Memorial Homes and Thompson School Board. He currently serves as president of the East Central Regional Water District board of directors.Kory and his wife, Susie, have two sons and reside in Thompson, North Dakota.
Contact - Alerus Retirement and Benefits
We understand the unique challenges nonprofits face in managing finances while staying focused on their mission. Our specialized financial solutions are designed to help nonprofits of all sizes manage their funds efficiently, maximize their impact, and ensure long-term sustainability. From banking and lending to cash management and investment strategies, Alerus is here to support your organization’s financial health so you can focus on making a difference.Financial solutions for nonprofits.Alerus provides a range of financial solutions to support growth, cash flow, and long-term financial health. Financing Real estate construction and permanent financingTax-exempt bond financingBridge financingWorking capital lines of creditEquipment financingCRA qualified projectsLetters of credit Deposit and Treasury Management Premium ratesNonprofit specific deposit accountsNo account maintenance feesNo transaction limitsNonprofit specific assigned relationship managerSecured transfer capabilitiesEnhanced electronic servicesEfficient, customized service solutions for clients with FDIC sensitivity Retirement and Benefits Dedicated private banker for your benefitOpen architecture solutionsInvestment management specialistsRetirement planning expertiseWealth transfer planning guidance Nonprofit expertise across key sectors.From education to healthcare, we offer financial solutions for a variety of industries,helping organizations with unique challenges achieve long-term success.EducationHealthcareHousingCommunity DevelopmentEconomic DevelopmentFoundationsHuman ServicesAssociations Recent nonprofit transactions SENIOR HOUSINGMinnesota$25,000,000Construction and permanent financing (Bridge loan) CHARTER SCHOOLArizona$8,000,000Construction financingDeposit and treasury management HEALTHCARENorth Dakota$30,000,000Retirement and benefits record keeping SENIOR CARE FACILITYWisconsin$30,000,000Construction and permanent financing Financial insightsEmployers - Alerus Retirement and Benefits
Until age 70 to start benefits.Note: It is reasonable to have concerns about future Social Security benefits reductions. Unless changes are made to the system, Social Security will be able to pay recipients only 75% to 80% of the benefits they are due beginning less than 15 years from now. But the odds are low that people who are in or very near retirement age now will have their benefits substantially reduced. More likely, the payroll taxes that wage earners pay to support the system will rise…“full retirement age” will slowly ratchet higher for future retirees, much as it was slowly increased from age 65 to 67 over the course of recent decades…and/or a higher percentage of Social Security benefits will be subject to income taxes. Only one of those possibilities—the increased taxation of Social Security benefits—is likely to significantly affect people who already are in their 60s or older. And while no one likes tax hikes, most financially successful retirees already are paying taxes on 85% of their Social Security benefits, so paying taxes on the remaining 15% would not be a major setback.On the other hand, if your goal is a safe and secure retirement with lots of guaranteed income, delaying the start of Social Security benefits from age 62 to 70 could be hugely beneficial. Example: If your monthly benefit would be $3,000 at your full retirement age of 67, you would receive $2,100 each month if you claimed your benefit at 62…or $3,720 if you claimed. About Alerus Retirement and Benefits. Alerus Retirement and Benefits is located at 2501 Coolidge Rd 207 in East Lansing, Michigan . Alerus Retirement and Benefits can be contacted via phone at for pricing, hours and directions. About Alerus Retirement and Benefits. Alerus Retirement and Benefits is located at 2 Pine Tree Dr Suite 310 in Arden Hills, Minnesota . Alerus Retirement and Benefits can be contacted via phone at for pricing, hours and directions.Employees - Alerus Retirement and Benefits
Better to pay off your mortgage or invest? When to invest vs. pay off Smart financial actions for 2025 Personal budgeting methods and strategies Strategies to reduce expenses What is a systematic savings plan? How to save money systematically Planning for the costs of a big trip What to do after losing a job Retirement Planning Resources | Help on Planning for Retirement Retirement tips for every age Debunking common annuity myths Can you borrow against your 401k? Consolidating retirement accounts 5 common financial mistakes to avoid in retirement How to plan your retirement income Roth IRA conversion | Ameriprise Financial Benefits of maxing out your IRA and 401(k) How to maximize your 401(k) investment | 401(k) strategies Retirement planning checklist Pension options Understanding RMDs | Ameriprise Financial Understanding retirement accounts Pre-Retirement Planning Checklist: Milestones by Year Retirement plan distribution planning guidelines and rules Essential retirement savings milestones: Key retirement ages How to plan for retirement Retiring in a down market Roth IRA for high-income earners SECURE Act 2.0 benefits and strategies: 6 new opportunities 6 common retirement planning myths: the truth revealed Can you roll over a 401(k) while still employed? Social Security benefits: Questions and answers guide 6 myths about Social Security debunked: Social Security myths Tax-smart retirement withdrawals How to plan travel in retirement: How much to budget and spend? Understanding Social Security Benefits | When to Collect and Eligibility| Ameriprise Financial What is an IRA? Types of IRAs and IRA to 401(k) Comparisons How does aAccessibility - Alerus Retirement and Benefits
This online calculator finds your full (normal) retirement age based on your birth year, then calculates your retirement date by adding retirement age to your birthday. Retirement age is defined (as of Feb 2020) based on the Full Retirement Age page on Social Security Administration site. In short, people born before 1938 have the age of 65 years, then retirement age increases by 2 months each year up to 1943. People born between 1943 and 1954 have the age of 66 years, then again it increases by 2 months per year up to 1960 to finally become 67 years.If you were born on the 1st of January, the year to determine your retirement age is the previous year.You are eligible to receive full social security benefits the next month after your retirement date unless it's the first day of the month. In this case, you are eligible for the same month. Since the Social Security Administration pays individuals a month behind, you will receive the first benefit payment yet another month later after your retirement date.Finally, your application for benefits could take up to three months to be processed, so you'd better apply 3 months beforehand. Full Retirement Date CalculatorFull (normal) Retirement AgeYears, Months, Days to RetireMonth to apply for benefitsFirst month eligible for benefitsAdvisor - Alerus Retirement and Benefits
Web Results Official website of the U.S. Social Security Administration. Find the answers to common questions about receiving Social Security. ... Find how to apply to get a Social Security number or to replace your Social Security card. ... Find all the benefits Social Security Administration (SSA) offers. Sep 5, 2017 - Social Security Administration. The Social Security Administration assigns Social Security numbers, administers the retirement, survivors, and disability insurance programs known as Social Security, and administers the Supplemental Security Income program for the aged, blind, and disab Most of the management of your retirement, disability, and government health benefits can be done right on the SocialSecurity.gov website. ... On the Social Security website, beneficiaries can get a Social Security card, apply online for retirement or disability benefits, and apply ... Benefits.gov provides information on government assistance programs. Learn more about the programs of the U.S. Social Security Administration here. Program Description. Social Security Disability Insurance Benefits are a federally funded program administered by the U.S. Social Security Administration (SSA). Social Security pays disability benefits to you and certain members of your family if you have worked long enough and have a medical condit Jan 5, 2017 - There are many free Social Security and retirement planning tools on SSA.gov. Here are five to take advantage of now.. About Alerus Retirement and Benefits. Alerus Retirement and Benefits is located at 2501 Coolidge Rd 207 in East Lansing, Michigan . Alerus Retirement and Benefits can be contacted via phone at for pricing, hours and directions.Comments
Kory Sondreal Senior Business Advisor, Retirement Specialist Email Kory Kory Sondreal joined Alerus in 1984 and has specialized in retirement services since 1987. As a senior business advisor, Kory delivers comprehensive financial advice to business clients, specializing in retirement solutions including 401(k) plans, employee stock ownership plans (ESOPs), health and wellness programs, payroll, wealth management, insurance, and other services. He works closely with experts across Alerus to ensure business clients have access to its full suite of diversified services to meet their financial objectives. Kory’s knowledge of the industry and commitment to maintaining the highest level of client service help participants make informed choices that enable greater financial security.Originally from Northwood, North Dakota, Kory holds a bachelor’s degree in business administration from the University of North Dakota in Grand Forks. In 1989, he became the first person in North Dakota to achieve Certified Employee Benefits Specialist (CEBS) professional designation. Kory is a past board member and chairman of Valley Memorial Homes and Thompson School Board. He currently serves as president of the East Central Regional Water District board of directors.Kory and his wife, Susie, have two sons and reside in Thompson, North Dakota.
2025-04-18We understand the unique challenges nonprofits face in managing finances while staying focused on their mission. Our specialized financial solutions are designed to help nonprofits of all sizes manage their funds efficiently, maximize their impact, and ensure long-term sustainability. From banking and lending to cash management and investment strategies, Alerus is here to support your organization’s financial health so you can focus on making a difference.Financial solutions for nonprofits.Alerus provides a range of financial solutions to support growth, cash flow, and long-term financial health. Financing Real estate construction and permanent financingTax-exempt bond financingBridge financingWorking capital lines of creditEquipment financingCRA qualified projectsLetters of credit Deposit and Treasury Management Premium ratesNonprofit specific deposit accountsNo account maintenance feesNo transaction limitsNonprofit specific assigned relationship managerSecured transfer capabilitiesEnhanced electronic servicesEfficient, customized service solutions for clients with FDIC sensitivity Retirement and Benefits Dedicated private banker for your benefitOpen architecture solutionsInvestment management specialistsRetirement planning expertiseWealth transfer planning guidance Nonprofit expertise across key sectors.From education to healthcare, we offer financial solutions for a variety of industries,helping organizations with unique challenges achieve long-term success.EducationHealthcareHousingCommunity DevelopmentEconomic DevelopmentFoundationsHuman ServicesAssociations Recent nonprofit transactions SENIOR HOUSINGMinnesota$25,000,000Construction and permanent financing (Bridge loan) CHARTER SCHOOLArizona$8,000,000Construction financingDeposit and treasury management HEALTHCARENorth Dakota$30,000,000Retirement and benefits record keeping SENIOR CARE FACILITYWisconsin$30,000,000Construction and permanent financing Financial insights
2025-03-26Better to pay off your mortgage or invest? When to invest vs. pay off Smart financial actions for 2025 Personal budgeting methods and strategies Strategies to reduce expenses What is a systematic savings plan? How to save money systematically Planning for the costs of a big trip What to do after losing a job Retirement Planning Resources | Help on Planning for Retirement Retirement tips for every age Debunking common annuity myths Can you borrow against your 401k? Consolidating retirement accounts 5 common financial mistakes to avoid in retirement How to plan your retirement income Roth IRA conversion | Ameriprise Financial Benefits of maxing out your IRA and 401(k) How to maximize your 401(k) investment | 401(k) strategies Retirement planning checklist Pension options Understanding RMDs | Ameriprise Financial Understanding retirement accounts Pre-Retirement Planning Checklist: Milestones by Year Retirement plan distribution planning guidelines and rules Essential retirement savings milestones: Key retirement ages How to plan for retirement Retiring in a down market Roth IRA for high-income earners SECURE Act 2.0 benefits and strategies: 6 new opportunities 6 common retirement planning myths: the truth revealed Can you roll over a 401(k) while still employed? Social Security benefits: Questions and answers guide 6 myths about Social Security debunked: Social Security myths Tax-smart retirement withdrawals How to plan travel in retirement: How much to budget and spend? Understanding Social Security Benefits | When to Collect and Eligibility| Ameriprise Financial What is an IRA? Types of IRAs and IRA to 401(k) Comparisons How does a
2025-04-06This online calculator finds your full (normal) retirement age based on your birth year, then calculates your retirement date by adding retirement age to your birthday. Retirement age is defined (as of Feb 2020) based on the Full Retirement Age page on Social Security Administration site. In short, people born before 1938 have the age of 65 years, then retirement age increases by 2 months each year up to 1943. People born between 1943 and 1954 have the age of 66 years, then again it increases by 2 months per year up to 1960 to finally become 67 years.If you were born on the 1st of January, the year to determine your retirement age is the previous year.You are eligible to receive full social security benefits the next month after your retirement date unless it's the first day of the month. In this case, you are eligible for the same month. Since the Social Security Administration pays individuals a month behind, you will receive the first benefit payment yet another month later after your retirement date.Finally, your application for benefits could take up to three months to be processed, so you'd better apply 3 months beforehand. Full Retirement Date CalculatorFull (normal) Retirement AgeYears, Months, Days to RetireMonth to apply for benefitsFirst month eligible for benefits
2025-04-02Your Trusted Partner About Us News & Events Careers Locations Investment Advisory Pension Plan Oversight Retirement Plan Oversight Retirement Plan Solutions 401(k), 403(b) & 457 Consulting Bundled Retirement Services Program Employee Stock Ownership Plan Nonqualified Defined Contribution Plan Pension Plan Solutions Manage & Mitigate Risk Ease Administrative Burden Enhance Employee Experience Specialty Solutions Annuity Placement Consulting Annuity Success Stories Church Plan Retirement Solutions Other Post-Employment Benefits (OPEB) Private Client & Executive Benefits Tax Shelter & Wealth Building Plans Direct Recognition Variable Inv Plan Tribal Plan Retirement Solutions Resources & Insights Insights Market & Legal Update Message from the CEO Retirement Plan Resources Securing Your Retirement Tax Resources Contact Us Innovative, flexible retirement plan solutions USI Consulting Group is an industry-leading retirement plan consulting and benefits administration firm focused on optimizing our clients' retirement plans, driving financial wellness for their employees and influencing the long-term financial success of their organization.USI Consulting Group delivers independent, comprehensive guidance and innovative, flexible retirement plan solutions for more than 4,100 clients nationwide. We help retirement plan sponsors and fiduciaries manage their fiduciary obligations, mitigate risk, stay compliant and avoid added costs and liabilities. Our retirement specialists are experts in their fields with a deep commitment to client satisfaction and delivering superior results.We understand the importance of helping employers find cost-effective, practical solutions for their retirement plan issues. We work with you in partnership every step of the way. Exceptional service, expertise and valueUSI Consulting Group has the resources, bench strength and experience to help you meet your objectives and reduce risk to your organization. To learn more, please reach out to us at [email protected]. Investment advice provided to the Plan by USI Advisors, Inc. Under certain arrangements, securities offered to the Plan through USI Securities, Inc. Member FINRA/SIPC. Both USI Advisors, Inc. and USI Securities, Inc. are affiliates of USI Consulting Group.Direct Solutions is not a pre-packaged product; it is a flexible defined contribution bundled service program designed to help employees save for retirement as well as provide a cost-effective retirement benefit to retirement plan sponsors and fiduciaries.1023.S0613.0046
2025-04-02The month you turn 65. If you don't sign up for Part B when you're first eligible, you might have to wait to sign up and go months without coverage. You might also pay a monthly penalty for as long as you have Part B. 16 related questions found Is Medicare free at age 65? You are eligible for premium-free Part A if you are age 65 or older and you or your spouse worked and paid Medicare taxes for at least 10 years. You can get Part A at age 65 without having to pay premiums if: You are receiving retirement benefits from Social Security or the Railroad Retirement Board. Do you automatically get Medicare when you turn 65? Most people become eligible for Medicare when they turn 65. ... If you are receiving Social Security retirement benefits or Railroad Retirement benefits, you should be automatically enrolled in both Medicare Part A and Part B. How soon before your 65th birthday do you get your Medicare card? Medicare enrollment begins three months before your 65th birthday and continues for 7 months. If you are currently receiving Social Security benefits, you don't need to do anything. You will be automatically enrolled in Medicare Parts A and B effective the month you turn 65. How many months in advance should you apply for Social Security benefits? You can apply up to four months before you want your retirement benefits to start. For example, if you turn 62 on December 2, you
2025-04-22