Recordkeepers
NAPAFIRMPARTNERS
Florham Park, NJ • adp.com
St. Paul, MN • alerusrb.com
ADP Retirement Services
Alerus Retirement and Benefits
Key Contact(s)
Key Contact(s)
Shaun Cannon 609.553.0084 • shaun.cannon@adp.com
Wade Dykema 952.253.1273 • wade.dykema@alerus.com
Firm Profile
Firm Profile
ADP is a leading retirement plan provider offering a wide range of plan choices tailored to help business owners and their employees thrive. We leverage data and advanced technology to help drive plan success, manage administrative risk, while creating an engaging experience for your clients’ workforce. From an online plan health dashboard and advisory services to our award-winning employee education and mobile-enabled solutions, we will work hard for your plan sponsors and their employees.
Primary Market(s) Served Micro: <$1 million, Small: $1-$10 million, Mid: $10-$100 million, Large: $100-$250 million
Plans / Participants Served by Type* 401(k): 96,409 / 3,100,000 Other: 55,000 / 200,000
Total Assets Administered $115,000,000,000
Plans by Channel
Direct: 69,555 / Advisor: 26,854
Platform(s) Used SunGard
Asset Allocation Funds Open flexible investment platform with multiple fund choices
Advisor Support Services
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, and COBRA. Alerus maintains a national presence, with offices in Minnesota, Michigan, New Hampshire and Arizona.
Primary Market(s) Served Micro: <$1 million, Small: $1-$10 million, Mid: $10-$100 million, Large: $100-$250 million
Plans / Participants Served by Type*
401(k): 5,719 / 301,780 403(b): 169 / 27,090 457: 980 / 19,823 Cash Balance: 150 / 2000 Defined Benefit (Traditional): 49 / 4418 Other: 1,133 / 38,889
Total Assets Administered $35,100,000,000
Plans by Channel
Direct: 1,263 / Advisor: 6,937
Platform(s) Used Sungard OmniPlus
External Wholesalers Focused on Advisors: 25 External Wholesalers Focused on Institutional: 202 Internal Wholesalers Focused on Advisors: 6 Internal Wholesalers Focused on Institutional: 24
Asset Allocation Funds
Compliance Support, Plan Benchmarking, Target-Date Evaluation Tools, Training for DC Plan Sales/Service, Investment Committee Meetings
External Wholesalers Focused on Advisors: 10 External Wholesalers Focused on Institutional: 10 Internal Wholesalers Focused on Advisors: 10 Internal Wholesalers Focused on Institutional: 10
Participant Support Services
Open architecture with no proprietary fund requirements.
Advisor Support Services
Rollover Services, Call Center Support, Smartphone Access to Participant Balances, Smartphone Transaction Access for Participants
Compliance Support, Plan Benchmarking, Target-Date Evaluation Tools, Training for DC Plan Sales/Service, Investment Committee Meetings
Plan Sponsor Service(s) Available
Participant Support Services
Plan benchmarking, plan health reports, financial wellness, compliance testing, participant mobile app, value-add education, payroll integration for any provider, rollovers, dedicated client and advisor services
Rollover Services, Call Center Support, Facebook Page, Smartphone Access to Participant Balances, Smartphone Transaction Access for Participants
Plan Sponsor Service(s) Available Plan design, compliance testing, document services, trustee services, selfdirected brokerage account services, quarterly reporting, fulfillment services, 3(16) services, and a dedicated web page.
*as of 6.30.23
48
NAPABLACKBOOK2023