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COLLABORATION • COMPLIANCE • CONVENIENCE

YOUR 401(k) NUMBER

DO YOU SIGN THE IRS FORM 5500 ON YOUR COMPANY’S RETIREMENT PLAN?

Office Employees
YOUR 401(k) SCORE

YOUR 401(k) SCORE

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  • Do you know your 401(k) score? Do you know if it is too low? Would you like to know your companies score? Your 401(k)'s low grade could subject your plan to an IRS or Department of Labor ("DOL") audit, fines and even a litigation against you by your plan's participants/beneficiaries.
     

  • In 2020, there were more than 90 class action lawsuits of 401(k) plans.
     

  • In 2020, ERISA and DOL recovered over $3.1 billion in fines, penalties, and lawsuit settlements!

WILL YOU BE NEXT?

You may be being overcharged and you don't even realize it, but that's an entirely different matter.
 

YOU ARE NOT ALONE

Why are the IRS, DOL, and ERISA stepping up their enforcement efforts so much?

Because you are not alone in your low grade.67% of all employer sponsored 401(k) plans aren't ERISA and DOL compliant.30% of all plans do not even have a required fidelity bond.Did your 401(k) sales rep tell you what a fidelity bond is and that you needed one?Does your plan have one?
 

PERSONALLY LIABLE

Did you know you may be personally liable for the low grade?

The individual who signs the 5500 form is personally liable and cannot hide behind the corporate veil (if applicable). That means that the individual signing the form could be personally fined. When was the last time you saw your 401(k) rep anyway?
 

FIND OUT YOUR SCORE

So, what can you do about it?

Start with finding out your current 401(k) Score out of 100, and identifying any issues before the IRS or DOL does! Fill out the form above to find out your 401(k) score. There will be no sales pressure when we talk, I promise. That is not the way we do business here. Fill out the form above today!

COMPLIANCE 401K BECOMES A VALUABLE PART OF YOUR TEAM, ALLOWING YOU TO DEVOTE YOUR TIME AND ENERGY ON GROWING YOUR BUSINESS. WHILE WE FOCUS OUR EFFORTS ON PROTECTING YOUR BUSINESS.

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