As an employer who currently sponsors an existing retirement plan, you are faced with many challenges. Apart from the Internal Revenue Service and U.S. Department of Labor regulatory complexities associated with operating a 401k retirement plan for your employees, many employers simply lack the knowledge of being able to properly monitor their plans while also keeping their operational and internal costs under control and properly benchmarked.
The Platinum 401kTM provides you with a solution that allows you to hand off many of these duties to a team of retirement plan professionals and lets you concentrate on doing what you do best – running your business! Some of the retirement plan issues that The Platinum 401kTM program can eliminate for employers include:
- Costly annual plan audit bills
- Employer annual Form 5500 submissions (we do these for the employer)
- Fiduciary Investment Selection and Monitoring issues
- Incomprehensible fee structures
- 408(b)(2) fee disclosure workload
- Plan Document restatement fees
- ….and much more!
The Platinum 401kTM program is structured to offload most of your retirement plan trustee workload and liability to independent specialists. The Platinum 401kTM is built on diversified investment platforms of carefully monitored, cost-efficient funds selected from thousands of available options.Plan fees are fully transparent for the protection of both employers and plan participants.
The program is monitored and benchmarked by a CEFEX certified independent fiduciary that assumes ERISA 3(38) Investment Manager and 3(21) Named Fiduciary responsibility and who issues regular reports on funds, fees and fiduciary due diligence to you and adopting employers.