2018 Elective deferral limit is $18,500. 2018 Catch-Up contribution is $6,000.
When employers offer a retirement plan, they (by default) become the named fiduciary and Administrator to that plan. Often, the employer does not have the knowledge or experience to manage the plan correctly according to fiduciary standards. Even more surprising, most employers do not know they are the responsible fiduciary.
If and when a retirement plan breach occurs, the employer is CORPORATELY and PERSONALLY responsible and will be required to make the plan whole as if the mistake had not happened.
It is possible to delegate fiduciary responsibility to a professional firm. We can accept the responsibility and ensure the safety, quality and efficiency of your retirement plan.
Our competitors do offer a fiduciary solution but they only take half the responsibility and charge the same amount of money. Make sure to ask them who would become the named 402 if they provide this service?
Plan Sponsors who lack the time or expertise to ensure all administrative functions are carried out in a detailed and proper manner
Plan Sponsors who want to hire a provider willing to be a Named Fiduciary under ERISA
Plan Sponsors concerned about fiduciary liability
Plan Sponsors looking for “peace-of-mind”
Plan Sponsors who operate with lean internal staffing
Plan Sponsors who would like to receive a comprehensive signed report each year that details who performed each required task
Click the link below. Select Price Quote and/or Service Inquiry. Select a person under Select Staff. Select a day and time that works for you. Please note that times are displayed in Central Time.