Exclusively for chapters and eligible members
In today’s regulatory and litigious environment, along with increasing cyber and data security oversight requirements, many employers are looking to outsource their retirement plan compliance and management responsibilities—to protect their company and executives from fiduciary and non-compliance risks and transfer their plan administrative and governance responsibilities. Joining the ABC Retirement & Savings Plan (“Plan”) allows your company and staff to focus on what is most important—your business. Since your company is no longer the plan sponsor, executives in HR, finance, payroll, and benefits are free to focus their time and energy in the positions for which they were hired. This improves staff productivity which can lead to increased profitability.
As a participating employer, you have the flexibility to tailor plan provisions to meet the needs of your company. Examples of flexibility include the choice of definition of compensation, compensation exclusions or inclusions, eligibility and entry, traditional and Roth 401(k) contributions, profit sharing, vesting, auto-enrollment, and safe harbor plan design choices. You may also update your plan provisions as your benefit needs change.
Member employers eligible to participate in the Plan are contractors, contractor suppliers, and contractor professional support services. Please contact Fiduciary Consulting Group, our Plan Administrator, with any questions on member eligibility.