401(K) Team

The Importance of having the right team

We deliver a custom fiduciary strategy to retirement plan sponsors for both
Defined Contribution and Defined Benefit Plans.

Our goal is to engage with you to understand your objectives so that our advice and strategies are tailored to best fit your needs. We will partner with you to manage Plan risk, document a process for prudently monitoring your investments, benchmark the Plan’s service providers, stay abreast of compliance and regulatory changes and educate your employees.

To do so, we will lead a team of professionals dedicated to serving your needs.

Who Does What ?

Plan Sponsor

Third Party Administrator / Record Keeper

Investment Advisor

• Oversees the plan and selects providers

• Legally must act in the best interest of the plan participants and their beneficiaries

• Follows the plan documents

• Selects, or hires someone qualified to select, the plan investments

• Pays only reasonable plan expenses

Investment Advisor

Third Party Administrator / Record Keeper

Investment Advisor

• Performs Due Diligence & Oversight

• Provides plan-level investment advisory services

• Provides objective and unbiased investment advisory and investment services to plan participants

• Conduct annual fiduciary review

• 3(21) Investment advisers offer investment advice on limited fiduciary protection

• 3(38) Investment manager makes investment decisions and takes liability for them

Typical Fee Arrangement

• Flat fee charged to the Plan Sponsor (employer) on a quarterly basis

• Paid by the Record Keeper as a percentage of plan assets. Fee is charged across the board to each participant with an account balance

SCHEDULE A MEETING

Third Party Administrator / Record Keeper

• Plan Design / Drafting legal plan documents

• Perform annual compliance testing (if required)

• Prepare and file annual Form 5500

Service can be bundled or unbundled, depending on complexity of the plan

• Record Keeper provides monthly statement and website access

Typical Fee Arrangement

• TPA typically charges a one time, flat fee to establish the plan.

• On an ongoing basis, TPA typically charges an annual baseline fee, plus a per participant fee, and ancillary fees for ad hoc services.

• Record Keeper will charge a separate fee for providing asset custodial services, typically as a percentage of the amount in each participants account, charged to each participant.

Payroll Integration

Additional vendors may be available - contact us for additional information

180° Integration

Data is entered and automatically flows in one direction — either from Record Keeper system to payroll system, or from payroll system to the Record Keeper.

Select List of Vendors

Paycom

PrimePay

Ceridian

Payroll Network

Payroll 1

Balance Point Payroll

Coastal Payroll

PayPro Corporation

IPS Integrated Payroll Services

360° Integration

Data automatically flows between Record Keeper of your choice and payroll system in both directions — from record keeper into payroll system, and from payroll system into record keeper system.

Select List of Vendors

Paylocity

Paycor

KTBS Payroll

ADP*

UltiPro / Ultimate Software

Workday*

*Some exceptions or approvals may app

Assembling Your Fiduciary 401(K) Team

The Importance of having the right team

Who Does What ?

Plan Sponsor

Third Party Administrator / Record Keeper

Investment Advisor

Investment Advisor

Third Party Administrator / Record Keeper

Investment Advisor

Third Party Administrator / Record Keeper

Third Party Administrator / Record Keeper

Third Party Administrator / Record Keeper

Select List of Approved Record-Keepers

Payroll Integration

180° Integration

360° Integration

Assembling Your Fiduciary 401(K) Team

The Importance of having the right team

Who Does What ?

Plan Sponsor

Third Party Administrator / Record Keeper

Investment Advisor

Investment Advisor

Third Party Administrator / Record Keeper

Investment Advisor

Third Party Administrator / Record Keeper

Third Party Administrator / Record Keeper

Third Party Administrator / Record Keeper

Select List of Approved Record-Keepers

Payroll Integration

180° Integration

360° Integration

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