Sound Benefits Consulting
Serving the Pacific Northwest with Investment and Financial Planning with a 21st Century Approach
401(k) Maneuver Plan
Looking for an afforadable 401(k) Plan?
A plan that minimizes administrative duties and reduces employer liability?
The 401(k) Manuever Plan could be the answer!!
It is a Multiple Employer Plan, that is a retirement plan maintained by two or more unrelated employers. This gives the plan an "economy of scale" that could significantly reduce plan expenses.
It reduces administrative burden of the employer. The only reposibilities of the employer are:
Provide Plan Information
Make Contribution Deposits
Monitor Fiduciary Service Providers
Purchase a Fidelity Bond
It reduces employer liability by providing investment selection, monitors all funds, makes fund changes, provides proper employee eductaion and communication.
Plus, for no additional fee to the employer (a small fee to the participant), can provide individual investment management of a participant's 401(k) account.
Let's start a conversation to learn more if this could help you!!! Schedule a 15 minute chat by going to the contact page and requesting a time.