Company XYZ is an IT consulting company based in the Southeast. The two owners (each aged 38 at the time) started the company in 2013 with six employees and expanded since then to about 30 employees (with plans to grow to 45 employees by 2022).When the two owners opened Company XYZ, they used a large payroll company for payroll processing. The payroll company also offered a 401(k) program, so the owners opted to use this 401(k) because it seemed the easiest option as they got the company off the ground.Here are a few of Company XYZ’s experiences:

Fred Reish is a highly esteemed and well-respected ERISA attorney who focuses on fiduciary responsibility, retirement income, and plan operational issues. He has written a series of Best Practice articles for plan sponsors and advisors.

Does your 401(k) plan utilize a fee payment system known as revenue sharing? Whether you are a plan participant or especially if you are a plan sponsor, you should know. If you are a plan sponsor, you are required to know as a plan fiduciary.

We have often heard that it’s hard to know where to start when selecting a retirement plan - like a 401(k) or 403(b) - for your company. With over a decade in the retirement industry and 200 years of collective experience, we want to help guide you to make the best decision for your company.