401k record keeping services for small businesses

The all in one 401(k) retirement solution provider and Recordkeeper for your Business

Not all retirement plans are the same. Our 401(k) Plans gives you the flexibility to customize a retirement plan that meets the specific needs of your company, the company’s executives, and the employees. Our IRS approved 401(k) plan and bundled recordkeeping services are specifically customized to small businesses with less than 50 employees, which allows us to better understand their specific needs and concerns.

Let our ERISA Experts take care of your retirement plan so you can focus on what really matters - your business

Work directly with our ERISA attorneys and Experts to establish and maintain your company’s 401(k) retirement or profit sharing plan. Our ERISA attorneys and 401(k) experts have the training and experience to take care of all your retirement plans recordkeeping and administration services so that your retirement plan remains ERISA compliant.

401(k) recordkeeping services should be performed scrupulously to ensure that all IRS and ERISA rules and requirements are satisfied so that the retirement plan remains in full compliance. Recent IRS and ERISA rules require meticulous recordkeeping in order to track the various activities of the retirement plan and its participants. It is important that all retirement plan recordkeeping be coordinated in order to track, separately, employee deferrals and after-tax voluntary contributions as well as employer matching, qualified non-elective and profit sharing contributions. Distributions may occur on separation from service, as loans or hardship withdrawals; since each of these involve different types of transactions, it is vital that a recordkeeping service be in place to track all these activities separately.

In general, plan recordkeeping services can be performed by various types of service providers. They can be performed in-house, by a third-party administrator, a separate recordkeeping firm or a bundled service provider. Basically, in-house recordkeeping will be feasible only for larger employers. In the case of small or mid-size businesses with less than a 100 employees, it is far more cost effective to have a third-party perform all plan recordkeeping services.

The Difference

Unlike other 401(k) plan recordkeeping service providers, our 401(k) plan services include an IRS pre-approved retirement plan fully customizable and are not tied to any one financial institution or financial investment program. You control which investments are offered and have total control over all plan options, while our ERISA experts handle all recordkeeping responsibilities and requirements.

401k Administration Services
Other 401(k) Providers
Focused on small businesses with less than 50 employees
Yes No
IRS-approved prototype plan documents are provided
Yes No
Customized 401(k) Plan
Yes No
Trustee Directed 401(k) Plan
Yes No
Open account at any financial institution
Yes No
Freedom to select Investment provider
Yes No
Freedom to select investment options
Yes No
Receive no compensation from investment providers
Yes No
Purchase Qualifying Employer Securities
Yes No
Ability to Adopt pure profit sharing plan
Yes Only In some cases
Loan feature
Yes Only In some cases
Plan establishment and recordkeeping services
Yes Only In some cases
Payroll and plan integration
Yes Only In some cases
ERISA compliance testing
Yes Only In some cases
Any required non-discrimination testing for the plan
Yes Only In some cases
Completion of IRS Form 5500
Yes Only In some cases
Low cost flexible pricing options
Yes No
The all in one 401(k) retirement solution provider and Recordkeeper
Yes No

We provide 401(k) plan and retirement plan administration services for hundreds of employers across a wide spectrum of industries. Our ERISA tax experts can customize your company’s retirement plan to include many different tax-differed savings options. Whether your are opening a restaurant, franchise, manufacturing, consulting or any other type of small business, trust our ERISA tax experts to design your IRS approved qualified retirement plan as well as help keep it in good standing with the IRS and Department of Labor.

Let us take care of your Retirement Plan so that you can take care of your business!

Contact one of our Retirement Experts today to learn more or let us contact you.

 



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