Recordkeepers • NAPA Firm Partners
AIG Retirement Services
Alerus Retirement and Benefits
Houston, TX • AIG.com/RetirementServices
St. Paul, MN • www.Alerusrb.com
Key Contact(s)
Key Contact(s)
Robert Haverstrom • 713.831.5497 • robert.haverstrom@aig.com Will Nwuli • 713.831.4164 • will.nwuli@aig.com Rhonda Waller • 713.831.3803 • rhonda.waller@aig.com
Firm Profile
Firm Profile AIG Retirement Services has specialized in retirement services for over 65 years. We are a leader in the not-for-profit market dedicated to helping employers and employees in governmental entities, education, k-12 higher education institutions, hospital and healthcare organizations, religious, charitable and other non-profit organizations. We believe that through powerful technology paired with trusted advisors, smart use of data analytics, and more personal experience, we can help motivate employees to save for the retirement they envision.
Wade Dykema • 952.253.1273 • Wade.Dykema@Alerus.com Alerus Retirement and Benefits is a valued partner to employers, advisors and brokers who rely on our expertise and personal service to establish and manage successful retirement plan and benefit administration solutions. Alerus provides a suite of services covering retirement plans, financial wellness, health savings accounts, flexible spending accounts, health reimbursement arrangements, payroll/HRIS and COBRA. Alerus maintains a national presence, with offices in Minnesota, Michigan, New Hampshire and Arizona.
Primary Market(s) Served
Primary Market(s) Served Plans/Participants Served by Type [As of 6/30/20]
NAPA BLACK BOOK 2020
46
Plans/Participants Served by Type [As of 6/30/20]
401(k) ......................................................................... 4,500 / 275,000 403(b).............................................................................. 155 / 24,000 457.................................................................................. 750 / 14,700 Defined Benefit (Traditional) ............................................... 36 / 4,700 Other............................................................................ 1,500 / 29,000
401(k) .............................................................................. 762 / 52,444 403(b).................................................................... 17,638 / 1,310,478 457............................................................................. 4,409 / 266,358 Money Purchase........................................................... 721 / 100,208 NQDC ............................................................................... 501 / 5,981 Other.......................................................................... 1,628 / 379,960
Total Assets Administered
Total Assets Administered
1,221 / 5,720
$72,148,639,497
Plans by Channel [Direct / Advisor] 24,436 / 24,436
Platforms Used Open architecture mutual fund platform
Asset Allocation Funds AIG Retirement Services’ open architecture mutual funds
Advisor Support Services External Wholesalers Focused on Advisors .................................... 12 External Wholesalers Focused on Institutional ............................... 12 Internal Wholesalers Focused on Advisors ....................................... 4 Internal Wholesalers Focused on Institutional .................................. 4 Compliance Support • Plan Benchmarking • Target-Date Evaluation Tools • Training for DC Plan Sales/Service • Investment Committee Meetings
Participant Support Services In-Plan Lifetime Income Options • Rollover Services • Call Center Support • Facebook Page • Smartphone Access to Participant Balances • Smartphone Transaction Access for Participants
$27,000,000,000
Plans by Channel [Direct / Advisor] Platforms Used Sungard OmniPlus
Asset Allocation Funds Open architecture, no proprietary fund requirements.
Advisor Support Services External Wholesalers Focused on Advisors ...................................... 8 External Wholesalers Focused on Institutional ................................. 8 Internal Wholesalers Focused on Advisors ....................................... 8 Internal Wholesalers Focused on Institutional .................................. 8 Compliance Support • Plan Benchmarking • Training for DC Plan Sales/Service • Investment Committee Meetings
Participant Support Services In-Plan Lifetime Income Options • Rollover Services • Call Center Support • Smartphone Access to Participant Balances
Plan Sponsor Service(s) Available Plan design, compliance testing, document services, trustee services, self-directed brokerage account services, quarterly reporting, fulfillment services, 3(16) services, and a dedicated webpage.
Plan Sponsor Service(s) Available Dedicated relationship management team, turnkey plan administration, ad-hoc reporting, simplified online plan management, fiduciary support services, plan design, review and consulting, data management services.
BB_WIN20_34-67_RecordKeepers_V2.indd 46
11/19/20 1:20 PM