401(k) Plan Services for Small Businesses
Services
The pairing of affordability and customer service is a hard combination to find these days. Our consultative services include a dedicated relationship and custom plan design.
We Have Your Back
We know 401(k) plans can be confusing. To demystify them for you and your employees, our plan administration services are designed to be consultative, transparent, and timely. Key features of our plan administration services include:
Outsourced Administration and Trustee Service
Our team of experienced 401(k) administrators will manage your 401(k) throughout the year. We will handle testing, distributions, loans, hardships, reconcile contribution, sign the 5500, just to name a few of the services.
Removal of responsibility
We will become the listed trustee of the plan. (402(a)) We will be the listed administrator of plan 3(16), we will serve as the 3(38) investment fiduciary. The only responsibility you will have to maintain is the timeliness of contributions and the accuracy of census data. We will reconcile your contributions, you just have to permit us the approval to process the contribution timely. We will also request I9 on all employees so that we can make sure the employee data is correct, but you are responsibility for the entry of that data into your payroll system. Contractually we are responsible for everything else, and the best part is normally we can still save you 32% - 65% on all in fees.
Personal Care
You will have a dedicated relationship manager watching over your plan and available to answer any of your questions. No call centers, no time spent on hold. We will encourage you to tell anyone asking a 401(k) question to contact us. We will take care of them with white gloves. Our mission is to make sure every single employee is taken care of.
Clear Guidance
Sponsoring a plan shouldn't be time-consuming or stressful. We'll complete the most technical tasks for you while making your role easy with clear guidance.
We're a Full-Service 401(k) Provider
401(k) providers come in two basic types - bundled or unbundled. Bundled (or "full-service") providers deliver all of the administration services a retirement plan needs - asset custody, participant recordkeeping, and Third-Party Administration (TPA) - while unbundled providers must ally with at least one other firm to deliver all of the necessary services.
We do not care about your current vendors or investment advisors. We can use anyone. What matters to us is that we can create the best retirement plan for you and your employees and you and your business are protected.
Why Choose Us
Our Mission
We are a fully independent services provider. Our guiding principles are transparency and simplicity because we know 401(k) confusion often leads to lower investment returns for plan participants and unnecessary time and expense for business owners. We serve as you the trustee, and as the plan sponsor with a contractual obligation to make sure you, your business, and your employees are protected from liability and have the best plan available.
Best Practices
Our services are designed to make it easy for business owners to offer a cost-efficient plan that meets the needs of their employees and company. We want you to focus on your business. We will focus on your retirement plan with health check throughout the year so that you know where your plan is.
Our Goal
Our goal is to reduce your fiduciary liability by 99% as the trustee, and administrator. We also want to take away 99% of all day-to-day responsibilities of the plan. We want to manage the plan the way it is supposed to be managed and to reduce the plan cost by 32% - 65% as we have since 1997.