Business Retirement Plans

Whether you are looking for a personal retirement plan, or seeking an employee retirement plan for your company, Bell State Bank & Trust’s experienced staff will give your business retirement plan the attention it deserves. We help you – or your employees – plan for retirement income.

Individual Retirement Accounts (IRAs)

Will you be able to retire securely? Can you take early retirement? What should you do with 401(k) funds? Bell State Bank & Trust can help you achieve financial freedom during your retirement years. With decades of experience in personal retirement planning, we make it easy for you to:

  • Roll over funds from an employer retirement plan
  • Consolidate existing IRAs
  • Convert a regular IRA to a Roth IRA
  • Establish a new IRA
  • Contribute to an existing retirement account



If you’re interested in discussing an IRA or rollover, start the conversation today by contacting IRA specialist Dan Espe at 701-451-3027. We can help you with all your questions, including whether a Traditional or Roth IRA is best for you.


401(k) & Other Retirement Plans

If you’re in charge of your company’s 401(k), Roth 401(k) or other retirement plan, you take those responsibilities seriously. So do we. That’s why we think your company retirement plan needs attention: ours. Depending on the needs of your company and its employees, our business retirement team can help you set up:

  • 401(k) plans
  • Roth 401(k) plans
  • 403(b) plans
  • Section 457s
  • Traditional IRAs
  • Roth IRAs
  • Simple IRAs
  • Simplified Employee Pensions (SEPs)
  • Other retirement plans

Bell State Bank & Trust will make sure you and your employees receive:

A superior investment platform

You’re looking for results with your investments. Our investment professionals carefully identify the best investment options, including professionally managed portfolios, quality mutual funds and other funds and securities.

Excellence in education to increase employee participation

We know that a thorough educational process helps people understand the importance of saving for retirement – and feel secure about the investment decisions they make as part of their retirement plan. Our easy-to-follow planning tools and calculators help select the appropriate funds from a myriad of choices.

Timely and accurate administration and compliance

We will continually monitor all aspects of your business’ retirement plan, ensuring that you meet requirements for compliance, satisfy discrimination testing, and receive timely and accurate reports. You’ll receive personal attention from a professional assigned specifically to work with your company and your plan.

Unequaled personal service when you have questions or concerns

We know customer service is a priority for retirement plan sponsors. Bell State Bank & Trust guides and educates your employees through the investment process, meets personally with sponsors and participants, and administers your plan to ensure regulatory compliance.

The best value, with no hidden fees

When you work with Bell State Bank & Trust, you receive a complete retirement solution, delivered with superior personal service at a competitive cost. We will inform you up front of all administrative fees and investment costs associated with your plan, so there are no surprises.

An annual Retirement Report Card for your company

Throughout the year, Bell State Bank & Trust will work closely with you to make sure we meet and exceed your company’s expectations.  Our “report card” is your chance to tell us how we’re doing in relation to benchmarks in five key areas: investment platform, education, administration and compliance, personal service and value.

For information about company retirement plan options, contact a member of our retirement team.

Keeping It Simple with Target Funds

In educating your employees about their retirement options, we like to keep it simple. One way to do that is through our Target Retirement Funds. Each Target Retirement Fund is composed of a mix of stocks, bonds and alternative investments – such as real estate, commodities, precious metals and currencies – which change as the expected year of retirement approaches.

This approach matches investments to risk tolerance. For example, the allocation for a Target Retirement Fund for a younger employee is aggressive initially, but gets more conservative as the employee nears retirement. There’s only one question to answer, and that is: “When do you expect to retire?” Bell State Bank & Trust’s investment team is responsible for selecting securities, building the fund portfolio and rebalancing each Target Retirement Fund over time.

Business Succession Planning


If you have a family-owned business, take a few minutes to read about transition planning in this article compiled by senior vice president/ senior trust officer, Dick Brudvik.


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