NO JOKE: No plan sponsor needed, no Form 5500, no plan audit (if over 100 participants). Will you miss those 401(k) cold calls?
We're very excited to announce the roll out of the Multiple Employer Plan. It has all the benefits of our current standalone plan format (which already exceeds all options available in the market today) and adds mind-blowing additional benefits.
- Easier - no more Form 5500 filing
- Less Expensive - no more $6,000 401(k) audit fee (if you have 100 employees or more)
- Less Hassle - get out of the Plan Sponsor business. (Frees up time/hassle on someone)
- Far Less Liability - fiduciary liability reduced as close to zero as is possible in any plan today - even less than our standalone plans. (99% of you get zero fiduciary relief today)
HOW CAN THIS BE DONE? THAT YOU ELIMINATE THE PLAN SPONSOR, FORM 5500, AUDIT FEE?
You become one of many adopting employers in an MEP (Multiple Employer Plan). We provide the plan sponsor, take care of audit, Form 5500, etc.
So now you get out of the plan sponsor business. You no longer have the plan sponsor duty hanging over your head. You become an "adopting employer".
You still have almost all of the flexibility you have now, plan design is done separately with each adopting employer. You have your own web site, your employees' information is housed in its own record-keeping system - all the same features expected with a standalone plan. Your plan is tested separately, you have your own matching (or not), your own eligibility & vesting parameters.
In the next section is a further description of the plan including the independent service providers involved.
|
Welcome to the Advisors Access Multiple Employer Plan
The future of 401(k) plans is available to you today!
Imagine a 401(k) plan that...
- Doesn't require your day-to-day oversight you
- Offers participants professionally managed portfolios constructed from low-cost, institutional investments
- Is seamlessly integrated with payroll (if you choose an optional related payroll service provider)
- Significantly reduces your fiduciary liability
How is this possible?
The Employee Retirement Income Security Act of 1974 (ERISA) allows nonaffiliated employers to join together in one retirement plan, a Multiple Employer Plan (MEP), to reduce the administrative burden, greatly enhance economies of scale and provide a more robust participant investment experience.
With the Advisors Access MEP, we've taken the multiple employer plan concept and created a truly world-class 401(k) program that gives your employees access to professional investment management and gets you out of the day-to-day administrative burden of running a 401(k) plan.
In the Advisors Access MEP, we've assembled the experts in each discipline needed to offer this world-class retirement plan. Your expert team includes:
TPC Qualified Plans: TPC fills the role of the ERISA 3(16) Plan Sponsor, thus removing that responsibility and liability from you so that you can focus on your business and not on running a retirement plan.
Ascensus: As the nation's largest independent Recordkeeper, Ascensus provides Third Party Administration and recordkeeping services to the plan.
BAM Advisor Services: With more than $13 billion in assets under administration, BAM is the nationwide leader in serving fiduciary-minded advisors and takes on the responsibility for investment selection and monitoring as the ERISA 3 (38) investment manager.
O'Reilly Wealth Advisors: As a local, trusted resource, O'Reilly Wealth Advisors serves as your ERISA 3(21) fiduciary advisor, guiding you through the process and providing one-on-one advice to your participants.
For more information on this best-in-class retirement plan, please contact John O'Reilly @ 760-804-0910 and put the Advisors Access MEP expert team to work for you and your participants.
|
|
What to Do Next
Problem Solved: Use an ERISA Section 3(21) independent advisor (RIA) that insists on bringing an ERISA Section 3(38) independent advisor (RIA) with them. They both have strict disclosure requirements built into their licensing so that complete transparency is the norm from day one. They'll be watching each other as well as the TPA, record-keeper and custodian, that are also independent. Multiple checks and balances - a fiduciary wouldn't have it any other way. Call us at 760-804-0910.
Newsletter Archive
|
