STEP 1 - Select A Plan Design

Choose A Design By The Adoption Agreement

• We provide the record keeper’s standardized agreement, no additional cost.
• A record keeper design specialist will guide you with regulatory requirements.
• Consider Safe Harbor 401k or a Roth 401k feature.
• Determine any matching or profit sharing formula.
• Choose eligibility and vesting requirements.
• Decide if you want to offer loans and/or hardship withdrawals.
• Evaluate investment options and design your custom platform.

Manage Your Employee Census

• A census template is provided electronically, to collect your confidential employee data.
• Determine employee classifications, if they apply by your profit sharing design.

STEP 2 - Schedule Enrollment

Include All Eligible Employees In The Enrollment Meeting

• Select an in-person or telephone meeting.
• Provide contact information for any off-site employees.
• Choose Automatic Enrollment or conventional enrollment.
• Opt for enrollment by forms or online.

Rely On Us To Educate Employees

• Each employee receives a comprehensive enrollment kit with plan rules and fund information.
• We interact to help individuals assess their intended level of risk and retirement goals.
• Suitable investment models are offered as options based on unique employee profiles.
• Employees with an existing retirement account receive a complete Morningstar Portfolio Analysis.

STEP 3 - Begin Payroll Submission

Authorize Your Payroll Provider To Make 401k Deposits

• Commence payroll adjustments upon completion of employee enrollment.
• Initiate automated contributions in frequency with your pay cycle.
• Choose your method of deposits by ACH, check or wire.

Access Your Account

• Upon first contribution, employees have Internet and toll-free access.
• Online statements show all account activity and fund performance.
• Participants have free daily transactions online.
• Quarterly statements are mailed to participant homes.
• Customized portfolio analysis is offered by our representatives, using Morningstar Principia Pro.
• Retirement education continues, ongoing, without additional expense or limitations.

Installing a 401k May Be Your Wisest Decision Ever

Here Are Other Advantages:

• Retain Quality Employees. Your attention towards an employee’s retirement security shows genuine care, and will not go unnoticed.
• Attract New Hires. New employee candidates may be seeking similar 401k savings options as offered by a previous employer.
• Provide Systematic Savings. Through a 401k payroll deduction plan, employees automatically set aside retirement capital pre-tax from each pay period.
• Include Flexible Matching. You have the flexibility, annually, to make matching contributions in addition to elective deferrals.
• Add A Profit Sharing Feature. Also, flexibly, the employer may make profit sharing contributions and also assign percentage amounts by classes of employees.
• Use A Vesting Schedule. You may utilize a graded schedule to reward employees for length of service. A “cliff” vesting schedule is also permitted.
• Make Loans Available. Although the primary intention of a 401k is accumulation for retirement, a loan feature enables the participant to draw fund and repay principal and interest to their own account. A loan could be used for purposes other than retirement, if needed.

Plan Setup

• IRS approved prototype document
• Record keeping design specialist
• Traditional or Safe Harbor 401k at no additional expense
• Roth 401k at no additional expense
• Matching and Profit Sharing provisions
• Customized eligibility for age, waiting period, and number of hours
• Flexible vesting, loans, and hardship withdrawals

Administration And Record Keeping

• Automatic Enrollment option
• Integrated payroll submission
• Daily transaction processing
• Required ADP/ACP and compliance testing
• Annual Valuation Report
• IRS Tax Form 5500
• Participant distributions and 1099s

Investments

• Access to 2 plan investment options, Plan A and Plan B
• Plan A offers over 40 funds from 18+ fun families
• Plan B open-architecture design offers a custom selection, 5,000+ funds
• Securities brokerage account option
• Investment analysis and research reports included

Fiduciary Compliance Guides

• Managing Your Fiduciary Liability
• Investment Policy Statement
• Quarterly Plan Sponsor and participant newsletters

Employee Services

• In-person education
• Daily account valuation and online statements
• Daily online transactions
• Toll-free customer support
• Unlimited financial professional support and investment education
• Web-based retirement planning tools, free loan modeling
• Rollover guidance