401(k) TPA & Recordkeeping Services
Sponsoring a 401(k) plan doesn't need to be stressful or time-consuming.
Our Personal Approach
We know 401(k) questions are often urgent or personal so we’re fanatical about delivering fast and accurate answers. We assign a dedicated relationship manager to each client because we know call centers or online support systems can’t deliver the same service quality as a 401(k) consultant you know and trust.
Our services are listed below. They’re subject to strict service standards so you know when to expect their turnaround.
Third Party Administration (TPA) Services
Third-Party Administration involves completing the annual tasks necessary to keep a 401(k) plan in compliance with the Employee Retirement Income Security Act of 1974 (ERISA). Under our care, your plan will meet every regulation to the letter of the law, on or before the applicable deadline.
Our services include:
- Keeping your plan document up to date with applicable law
- Completing annual nondiscrimination testing (as applicable)
- Preparing a signature-ready Form 5500 and Summary Annual Report (SAR)
- Calculating year-end contribution allocations
- Preparing any necessary participant notices (e.g., safe harbor 401(k) notice)
Recordkeeping Services
A 401(k) recordkeeper is essentially the bookkeeper of your 401(k) plan. A recordkeeper’s responsibilities include allocating the assets of your plan to participant accounts and executing participant trades. We leave nothing to chance when performing this important job, reconciling all participant accounts to the penny each day to ensure no trades are missed.
Our services include:
- Providing 24/7 online account access to participants and the plan sponsor
- Updating share prices, and individual account balances daily
- Processing plan trades, including contributions, distributions and fund transfers
- Preparing quarterly benefit statements
- Originating and maintaining participant loans
- Providing participant fee disclosure notices
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