Product: Health Care Savings Program
Contacts: All program participants hired before 1/1/2019 (regardless of employment status)
Date sent: 2/8/19
A letter was mailed to all Health Care Savings Program participants (regardless of employment status) who were enrolled in the program prior to 1/1/2019. The letter is the first notice to participants of the HCSP re-enrollment into the new default fund – Retirement Strategies – effective April 1, 2019.
A copy of the letter for active and terminated participants are attached. Note the only difference between the two letters is that the terminated participant letter includes a reminder that $1,000 of their account balance will remain in the Alerus Money Market Fund.