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WE ARE YOUR PARTNER

Offering a 401(k) Shouldn’t Be a Liability

A company-sponsored retirement plan is one of the top ways to attract and retain quality employees. Unfortunately, many business owners fail to realize the challenges and complexities involved in designing, administering, and maintaining their plans.

A plan sponsor is ultimately responsible for choosing the right investments, monitoring fees, creating reports and filing tax forms. They must also handle plan administration, including tracking employee eligibility and vesting, processing contributions, distributions, and loan requests, holding employee education and enrollment meetings, and more.

Without the right team in place, the plan quickly becomes an unwanted burden, creating a serious liability for them and their business.

That’s where we come in. At FiduciaryShield, we take care of the details, so they can focus on what they do best.

What Makes Us Different?

cash count #1
Lower fees.

We help keep costs low for the employees, so everyone’s dollar goes further.

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Transparent pricing.

Meet fiduciary requirements by knowing up-front exactly what is charged, to whom, and why. No surprises.

Business Colleagues Meeting Paperwork Concept
Design flexibility.

We evaluate multiple plan options and create the perfect combination for their unique needs.

FiduciaryShield. The Better 401(k).

ERISA guidelines are about careful consideration shown to the benefit of the participant

Is Your Client a Fiduciary to the 401(k)?

  • Do they own a business that offers a 401(k)?
  • Are they listed as the plan sponsor or administrator of a 401(k)?
  • Were they part of a committee that selected the 401(k) providers or advisors?
  • Did they recommend any advisors, plan features, or service providers for the 401(k)?
  • Is a financial advisor assisting in the selection of the investment menu?

If “yes” to any of these questions, then there are unnecessary risks being taken.
Learn more about how we can help, contact us today.

401(k) Plan Sponsor Responsibilities

Business owners providing a 401(k) plan for their employees without the help of FiduciaryShield are responsible for administering the plan and ensuring compliance with a multitude of rules and regulations. Here are just a few of the things that are expected.

Before FiduciaryShield

  • Determine Participant Eligibility
  • Distribute Enrollment Kits & Supporting Compliance Documents
  • Deposit Employee Elective Deferrals in a Timely Manner
  • Handle Participant Questions and Requests
  • Provide Annual Census and Payroll Data for Testing and Auditing
  • Ensure Timely Submission of Reports by Your Bookkeeper and Payroll Provider
  • Administer Participant Loans According to Statutory Compliance Requirements
  • Provide Participant Termination Packets
  • Process Employee Distribution and Rollover Requests
  • Oversee and Direct Annual Census Reconciliation
  • Create Plan Design Projections and Determine Optimal Profit Sharing
  • Review and Validate Compliance Testing
  • Complete Annual Plan Audit
  • Schedule Annual Employee Education Meeting
  • Work with TPA to Process Annual Filing of IRS Form 5500
  • Review and Submit Payroll Files
  • Evaluate Plan Investment Options and Fees

After FiduciaryShield

  • Deposit Employee Elective Deferrals in a Timely Manner
  • Provide Annual Census and Payroll Data for Testing and Auditing
  • Schedule Annual Employee Education Meeting
Want to learn more about your responsibilities?
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Fiduciary Shield

Fiduciary Shield