401(k) Plan Services for Small Businesses

Yes. Form 5500s are prepared to a signature-ready level for the sponsor to submit to the IRS website. Employee Fiduciary also prepares Summary Annual Reports for each client. This service is included in our annual fee.

All plan assets are held at MG Trust who serves as the plan’s custodian. We do not administer any plans with life insurance contracts or assets which cannot transfer to MG Trust.

Participants must provide investment election instructions in whole percentages (1% minimum increments). Trades instructions can be provided in either whole percentages or in dollars. Employee Fiduciary does not limit trades to a minimum size.

Quarterly participant benefits statements are posted on-line within 15 business days of quarter-end. If requested, Employee Fiduciary will also mail statements directly to participants, for an additional fee of $1.50 per statement mailed.

Do you have a toll-free number for participants who need assistance?