Benefits and Uses

Active Plans

401k Plan Sponsors/401k Plan Administrators have a responsibility to spend money mailing information to their Participants

Our statistics show that up to 66% of those mailings are not reaching the appropriate person nor do they do what is required of them.We know how to get Participants to do what you need them to do so that you can stay in compliance.

Meeting your plan fiduciary responsibilities and being able to prove you are in compliance is a challenge

Internal Audit, Legal and Compliance Departments will expect you to know whether or not your Plan, your Record keeper, your TPA and your Trustee are all in compliance.

Plan Sponsors are at risk for participant checks that are never cashed

You may believe that your Record keeper is taking care of this issue and taking the liability off your plate. Our experience tells us that is not always the case.

Terminating Plans

The Department of Labor has very specific steps that you must follow if you are going to terminate a Plan

Our experience has shown it can take years to properly terminate a Plan when you do it on your own; we have helped clients accomplish a Plan termination in just a few months.

You can’t complete the termination of a Plan without finding all of the participants AND getting them all to act

Under DOL guidelines, you cannot simply send participants a letter and rollover their assets if they don’t respond.