Fully compliant 401(k) plans
meeting your states regulatory savings requirements
Illinois Secure Choice, California Savers programs, and many other states are requiring employers to either sponsor a 401(k) plan or participate in a state run plan. At 401(k) Lite we allow employers to sponsor a plan without the restrictions from your state.
What we can offer
A 401(k) Lite plan is the perfect solution for those employers who are looking to sponsor a plan and be independent of the state run plans.
Pre and Post Tax Savings
With a 401(k) Lite plan participants can choose to save their contributions in either (or both) a pre and post tax account.
Administration Ease
Creating and maintaining a plan has never been easier. Our full service staff gives you personalized service when it comes to handling your plan - never call into a call center.
Open Architecture Investments
Build your plan with the lowest cost funds available in the marketplace today. We can pair you with a local advisor or a 3(38) Fiduciary who can help select and manage your investment portfolio.
Fiduciary Support
Concerned about the added responsibility of sponsoring a plan? We have you covered with our 3(16) Fiduciary support add-on service. With this service we will ensure your compliance with the ERISA rules such as document deliery, bond coverage, and trustee and education requirements.
Plan Administration Expertise
We have been providing plans since 1981. One of the most experienced teams in the industry will be at your service. Want to upgrade to a full 401(k) plan, our consultants will walk you through every step of the process.
Payroll Add-on
Looking to automate your processs from end-end? We provide employees and participants a single portal where HR, payroll and 401(k) can all be performed creating an enhanced experience for your employees and a more efficent process for your administrators.
Priced for the needs of every business
Start Lite and upgrade when your business is ready
401(k) Lite ®
- Custom Eligibility
- Matching Feature
- Pretax and Roth Option
- Auto-enroll and Auto-escalation Features
- Wide breadth of Investment Options
Full 401(k) Plan
- Custom Eligibility
- Matching Feature
- Pretax and Roth Option
- Auto-enroll and Auto-escalation Features
- Wide breadth of Investment Options
- Owner and Highly Compensated Employees Participation
$3 /mo per participant with an account
Feature Comparison
Whether choosing a state sponsored plan, 401(k) Lite, or full 401(k) plan - our team of specialists can help investigate the options available to you and your company.
Features
Custom plans and defined benefit plans are also offered - please contact us for more information
Affordable
Payroll & HR
Add-on
Looking to reduce the administration burden of your everyrday HR and payroll tasks with a fully integrated HR and 401(k) platform, look no further we have you covered.
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Core Services
- Full Federal Tax Filing
- Compliance in all 50 states and US territories
- Dedicated Concierge Level Account Management
- Year-end W2 Tax Filing
- Employee Online Access
- PTO and Vacation Management
- Customized Reporting Package
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Integrated 401(k) Platform
- Single employee portal for check viewing and 401(k) account maintenance
- Automated loans and hardship withdrawals
- Online management of deferral elections
- Auto-enrollment management
- Payroll contributions are automatically made each payroll
- No year-end census file upload is required
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HR Capabilities
- Onboarding
- Workflow Managent
- Organization Charting
- Custom Field Management
- Accounting System Integration
- Much More!
