How to withdraw from alerus 401k 2026

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  1. Click ‘Get Form’ to open the withdrawal form in the editor.
  2. Begin by entering your personal information, including your name, address, and plan number. Ensure all details are accurate to avoid processing delays.
  3. In the contributions section, review your total contributions and ensure they match your records. This includes employer matches and employee deferrals.
  4. Next, specify the amount you wish to withdraw. Be mindful of any tax implications or penalties associated with early withdrawals.
  5. Sign the form electronically using our platform’s signature feature. This ensures a secure and legally binding submission.
  6. Finally, click ‘Submit’ to send your completed form directly to Alerus Retirement Solutions for processing.

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Retirement Account Access Log into My Alerus. The first time you log in, you will need to set up online access. Follow the prompts to set up and validate your account. From the My Alerus home page, select your plan under Accounts and click the Plan Summary link on the right side of the page.
Log in to your My Alerus account. Navigate to Account History. Select Statements and Notices. Open your statement, and your account number will be visible in the top-right corner.
When the member docHubes the age of 55, he may access his retirement benefit. A member of the Momentum Retirement Annuity Fund and the Momentum Pension Preservation Fund may only take one third of his retirement benefit in a lump sum; the rest of the benefit must be used to buy an annuity (a pension).
Once we receive your request in good order, our standard turnaround time is three to five business days. For checks, allow additional time for mailing from Saint Paul, Minnesota. Direct deposit requires an additional one to two business days to process.
How Long 401(k) Withdrawals Typically Take. In most cases, standard 401(k) withdrawals take five to seven business days, though some providers may have shorter or longer time frames. This period includes the time needed for the plan administrator to review and approve the request and initiate the withdrawal or transfer
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Alerus Retirement and Benefits ranks among the Top 25 recordkeepers in the U.S. in terms of assets by plan type, participants by plan size, and plans by count, according to results of the 2024 PlanSponsor Recordkeeping Survey.
To retrieve your 401(k), contact your plan administrator for the withdrawal process. Typically, you must complete a distribution form and choose between lump-sum or periodic payments. Be aware of tax implications and potential early withdrawal penalties if under age 5912, unless qualifying exceptions apply.

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