Looking for an affordable 401(k) Plan?

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A plan that minimizes administrative duties and reduces employer liability?

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The 401(k) Manuever PEP Plan could be the answer!!

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The SECURE Act, signed into law in 2020, created a new type of 401(k) plan.

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It is a Pooled Employer Plan, that is a retirement plan maintained by two or more unrelated employers.  This gives the plan an "economy of scale" that could significantly reduce plan expenses. ( If your plan has over 100 account balances, it may eliminate the need for an Independent Audit (cost). On average a $15,000 savings!!!) 

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It reduces administrative burden of the employer.  The only reposibilities of the employer are:

• Provide Plan Information

• Make Contribution Deposits

• Monitor Fiduciary Service Providers

• Purchase a Fidelity Bond​

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It reduces employer liability by providing investment selection, monitors all funds, makes fund changes, provides proper employee eductaion and communication.

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Plus, for no additional fee to the employer (a small fee to the participant), can provide individual investment management of a participant's 401(k) account.  

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Let's start a conversation to learn more if this could help you!!! Schedule a 15 minute chat by going to the contact page and requesting a time.