Maintaining Your Plan with Employee Fiduciary

As a small business owner, we know time and cost are two of the most critical factors in any business decision you make. Our 401k recordkeeping and administration services were designed to make both of those concerns disappear (at least when it comes to managing your retirement plan.)

Recordkeeping Services
Sure, you could use your payroll processing service provider as the recordkeeper for your plan. But why would you? Unlike a payroll company who offers recordkeeping as a sidebar to their core business, Employee Fiduciary is an expert in 401k plans. We offer our brain trust to you alongside services that include:

  • Providing website access to participants and the Plan Administrator
  • Updating share prices, and individual account balances daily
  • Processing certain transaction trades, including employer and employee contributions and fund transfers
  • Preparing and distributing quarterly benefit statements
  • Originating and maintaining participant loans
  • Providing Participant fee disclosures, as required under ERISA 404(a)(5), for investments held by the Custodian whose performance and benchmarking data are provided to Employee Fiduciary by an outside reporting service

Third Party Administration (TPA) Services
When it comes to plan compliance, you need accurate, timely service. Our compliance team is dedicated to ensuring that under our care, your plan will meet every regulation to the letter of the law, on or before testing deadlines. After all, nothing saves you more money than being compliant with the regulations surrounding your 401k plan!

Our services include:

  • Actual Deferral Percentage (ADP) Test (IRC §401(k))
  • Actual Contribution Percentage (ACP) Test (IRC §401(m))
  • Coverage Test (IRC §410(b))
  • Top Heavy Test (IRC §416)
  • Maximum Deferral Limit Test (IRC §402(g))
  • General Nondiscrimination Test (IRC §401(a)(4))
  • Compensation Test (IRC §414(s))
  • Annual Additions Limitations (IRC §415)

Questions on our 401k recordkeeping or 401(k) TPA services? Contact us and we’ll walk you through our service offerings and pricing. We can help you put together an effective, low cost 401k plan designed to meet your retirement objectives.