In today’s tough labor market, a well-designed retirement plan can give your company an edge when it comes to recruiting and retaining employees.
Despite this fact, some employers are still reluctant to put a retirement plan in place for their employees, either because they think it will too expensive or too difficult to administer, or because they’re worried about the fiduciary risk they might be exposed to if the plan isn’t managed properly.
But G&A Partners’ multiple employer 401(k) plan, provided through Slavic401k, is different. Our plan allows clients to enjoy all the benefits of offering a 401(k) plan without assuming the fiduciary risk or having to deal with the plan administration. Plus, many clients also find that joining G&A Partners’ multiple employer 401(k) plan enables both the company and its employees to save money on fees while enjoying even better service from G&A Partners’ retirement plan experts and Slavic401k’s customer support team!
Highlights of G&A Partners’ multiple employer 401(k) plan:
- G&A Partners takes care of administering the plan, including non-discrimination testing, loan and distribution processing, trustee services and 5500 preparation.
- G&A Partners’ 401(k) team boasts 50+ years of combined retirement plan expertise and will work with you to determine the best plan design (employer match, vesting options, etc.) for your company.
- Mutual funds are no-load (sold without a commission or sales charge) and purchased at NAV (Net Value Asset), which means your company and your employees enjoy lower fees than other multiple employer 401(k) plans.
- G&A Partners believes in absolute fee transparency when it comes to your retirement plan. The participant fees are disclosed as a line item on the participant’s statement. Fees are not “hidden” in the investment returns. 12b-1 fees paid to Slavic401k are credited back to the individual participants that own the fund.
(Of course, if you already have a 401(k) plan in place, G&A Partners also has a couple hundred reasons why you might want to make a switch – as in saving you 200 to 300 basis points over your existing retirement plan.)