Looking for a 401k Plan Administrator or maybe pension consultants? You've come to the right place. We know retirement plans. We'll start with the very basics in this article, but feel free to skip ahead and request help on our contact page or click on any of the buttons you see within the article.
What Is A 401k Plan Administrator?
A 401(k) plan is a profit-sharing plan that allows for an employee to take money from his/her paycheck to be deposited to the plan. The plans are called 401(k) because this provision is outlined in Section 401(k) of the Internal Revenue Code. A 401k Plan Administrator will help you set up the plan and maintain it for you. We'll help you choose the right plan for your company, write the plan documents, perform annual work/testing on the plan to keep it compliant, make changes to the plan, etc.We are retirement consultants, but we are called a Third Party Administrator.