401(k) Plan Services for Small Businesses

You can count on us to make 401(k) plan sponsorship easy, safe and cost-effective!

401k Plan Set-Up

401(k) Plan
Set-Up

Let us customize a plan for you that meets your company’s needs at the lowest cost.

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401k Administration

401(k) Administration

With decades of experience, our staff will keep your plan running smoothly.

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Service Standards

Service
Standards

Our services are timely and accurate. Want proof? Check out our stats!

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Frequently Asked Questions

Will your firm prepare the plan’s tax return (Form 5500) and Summary Annual Report?

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.

Where will the plan assets be held?

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.

What is the minimum dollar amount/percentage allowed for transactions?

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.

How do participants receive benefits statements?

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?

Yes. The participant helpline (877) 401-5100 is open 8:00am-5:00pm Central Time.

New to 401(k)? We can help!

Comprehensive (and free!) resources that will start you on your journey.

Visit our 401(k) Help Center

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Check out the DOL’s Tips for Selecting and Monitoring Service Providers for Your Employee Benefit Plan to help you understand your Fiduciary Responsibilities.

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Department of Labor

Benefits to Starting a Retirement Plan

Retirement security starts with the right retirement plan.

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