Comparing 401k Plan Pricing & Fees:
Company’s who currently have a 401k plan in place can compare fees by looking at the 408 (b)(2b) schedule as well as the invoice provided by their administrator.
401k Investment Selections:
We can compare the investments in your current plan to a customized portfolio within our proposals. Your company 401k plan investment selections have a range of mutual funds which vary from each provider.
Customized 401k & Retirement Plan Proposals:
Whether you are looking to start up a new 401k plan or review an existing 401k plan, our proposals are all customized based upon the information on your company.
How it works:
Getting started is simple, while we handle all the tax filings and administration. That not only helps eliminate headaches but eliminates the liability from your business. Click here to find out more on how to get started.
401k Administration Fees
|Fees||Storick Group||Average Competitors|
|New (Start-Up) Plans||$0||$500|
|Existing (Conversion) Plans||$0||$200|
|Annual 401K Administration||$65||$1,500|
|One-time only set-up||$0||$550|
Restatement of Plan Document
Retirement Plan Administration Fees
Third Party Administrator
Total Plan Administration Services
Our retirement third party administrators and advisors will work closely with your company goals to design a retirement plan that meets suits your business. Retirement plans are complicated to select on your own, and our team of experts are here to guide you.
401(k) Total Plan Administration Comparison
|Solo 401k||Group 401k|
|Number of Employees||1||1 – 300|
Roth (After Tax)
|Online access to employers & employees from provider||•||•|
|Company retirement plan design||•||•|
|Conducting individual advisory on-site meetings||•||•|
|Consulting on mergers and bankruptcies||•||•|
|Fiduciary and liability protection
• 3(16) Fiduciary • Plan Administrator
|Originating and maintaining participant loans||•||•|
|Prepared tax filings and disclosures:
Form 5500, SPD, Safe-Harbor Notice
|Preparing quarterly benefit statements||•||•|
|Sending participant notices & fee disclosures||•||•|
|Updating investment lineup||•||•|