Complimentary 3(16) Services for Corporate Retirement Plans
Providing a comprehensive accountability tool for all service providers to maintain the highest fiduciary standards.
Our Solution Benefits
Due to an increase IRS/DOL oversight, this comprehensive accountability tool will document all service providers, services and fees.
Administration Required Management Services
Year End Report Checklist will be provided that documents your fiduciaries’ processes, investment due diligence, employee engagement due diligence, and compliance documents.
Plan Audit Readiness
Be prepared for a CPA, IRS and DOL audit
- Documentation of all compliance reports
- Documentation of administration processes
- Assistance/Documentation with government reporting
Form 5500Form 8955-SSAForm 5558, extension
Distribution of Required Notices and Disclosures
Complete documentation
Due Diligence Process Documented
- Mailing/email list documentation
- Filing of all required notices
- Date of delivery of notices
- Confirmation of Delivery
- Documentation of Non Delivery
One Point of Contact
One point of contact will coordinate all administration
401(k) Consultant will manage
- Conversions
- Implementation
- Administration Oversight
- Compliance Oversight
- Maintain 401(k) Fiduciary Vault
Proactive plan consultation and administration to maintain the highest standard in fiduciary responsibilities.
Fiduciary Responsibility
The Employee Retirement Income Security Act of 1974 (ERISA) set the standards of conduct for those who manage a retirement plan and its assets. These individuals are called a Fiduciary.
A fiduciary must abide by these standards of conduct:
- Act solely in the interest of plan participants and beneficiaries.
- Act with care, skill, prudence, and diligence.
- Diversify the investments of the plan.
Administer the plan in accordance with the plan documents and instruments. Evaluate the reasonableness of fees and charges paid by the plan.
Documentation / Due Diligence Services
Annual fiduciary checklist provided for retirement committees. Proactive plan consultation and administration to maintain the highest standard in fiduciary responsibilities.
Annual Investment & Plan Review 3 (21)/3(38) Advisory Services
- Committee documentation
- Agenda, Charter, Minutes, Fiduciary Training
- Investment & Plan Review documentation
- Investment Review
- Fund change process
- Executed investment policy statement
- Agenda, Charter, Minutes, Fiduciary Training
- Investment Review
- Fund change process
Compliance - IRS/DOL Ready
- Annual Audit Folder
- Census Reports
- Compliance Corrections
- Compliance Reports
IRS/DOL Response Letter
IRS/DOL Response Letter
Legal Documents - Annually reviewed
- Adoption Agreements since inception
- (SPD) Summary Plan Description
- Conversion Documentation
Loan Documentation
Loan Documentation
Participant Level Documentation
- Employee meetings/engagement
- Enrollment/Decline due diligence
- Terminated participant due diligence
- Required notice delivery due diligence
Plan Level Documentation
- Eligibility tracking
- Automatic enrollment tracking
- Fee review processes
- 408(b)2 disclosures
- Plan Activity Reports
Service Provider Contracts
- Advisory Services due diligence
- Record-Keeper Services due diligence
- Third Party Administrator due diligence
Fees:
Complimentary with 3(21) or 3(38) Advisory Services.
No Advisor
- Full Service with 3(38) Advisory Services
- Assigned an advisor in our program
- Certified in 401(k) retirement plans
With your current Advisor
- Must provide certifications
- Report of annual review with minutes/executive summaries
- Documentation of employee engagement.
Service Standards
Compliance with all legal and regulatory administration and timing requirements.
Providing plan trustees and participants with accurate information in the timeliest manner possible.
- Saves time
- Reduces liability
- Increases HR capacity
- More Cost Effective
What some of our happy clients have said about our services
Est illum malorum gubergren et. In eius idque intellegat vim, falli blandit ad est, minimum sententiae an his. Quando legere cu usu, vim et erat tantas maluisset, in usu tota dissentias. Ei est commodo perfecto honestatis, cu modo vivendum cum. No ius tritani omittam antiopam, mel labitur saperet euripidis an, illud meliore graecis id mel.
Est illum malorum gubergren et. In eius idque intellegat vim, falli blandit ad est, minimum sententiae an his. Quando legere cu usu, vim et erat tantas maluisset, in usu tota dissentias. Ei est commodo perfecto honestatis, cu modo vivendum cum. No ius tritani omittam antiopam, mel labitur saperet euripidis an, illud meliore graecis id mel.
