The SLU Chamber has worked with industry leaders to create and offer an exciting new membership benefit - The MyFuture 401(k) plan. The My Future 401(k) Plan is a Multiple Employer Plan that enables unaffiliated employers (and members) to adopt and offer a retirement plan, built on a model of aggregated shared services. By leveraging economies of scale, the My Future Plan provides adopting employers with lower costs, a lessened administrative burden and reduced fiduciary risk.
Each adopting employer retains control of the vesting, eligibility requirements, matching contributions, profit sharing, and general plan design. It makes the 401(k) experience easier and more cost-effective for your company.
For 401(k) retirement information contact Jodie King (206) 547-2577, or Jason McKinney (206) 271-9916.
Key features include:
- Low Cost - Only $500/year with valid SLU Chamber Membership
- No set-up fee
- Flexible Plan Design
- Reduced administrative burden - one TPA
- Annual compliance testing and preparation of IRS form 5500
- Institutional grade investment options, including professionally managed risk-based portfolios
- Onsite education and enrollment services from a local investment advisor
- Participant website with online tools, calculators and investment materials
No comments:
Post a Comment