Setting Up Your 401(k) Plan
Our experienced team is ready to welcome your retirement plan into the fold with a quick, easy and consultative plan set-up process.
Plan Set-up Services
At Employee Fiduciary, we don’t sell cookie-cutter 401(k) plans that are unlikely to meet your company’s needs. Instead, we kick off every new plan set-up with a plan design consultation where we’ll customize a 401(k) plan together to meet your company’s unique goals and budget. We think this time is well-spent because the wrong 401(k) plan design can result in thousands of dollars in unnecessary expenses or failed annual testing.
- Matching available plan features to your company's goals in a plan design meeting
- Preparing a plan document, including the Summary Plan Description (SPD)
- Preparing participant enrollment materials
- Establishing web access for you and the plan participants
- Providing you with website and payroll upload training
Plan Conversion Services
If you have a 401(k) plan today, we will transfer (“convert”) it as part of the plan setup process. Basically, a conversion involves transferring your plan assets and participant-level records to Employee Fiduciary. The good news? Once you hire us, we’ll coordinate the whole process with your old provider.
- Transferring assets from the outgoing provider to Employee Fiduciary
- Preparing any participant notifications as required by law
- Reconciling assets transferred from the outgoing provider
Get a Free, Custom Proposal!
Receive a low-cost retirement plan proposal from Employee Fiduciary.
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Get a Free Custom Proposal
Contact us with the form below and we’ll be happy to create a custom lost cost 401(k) proposal for you.