401(k) Providers
Step One: Current Plan Documentation and Design
- Employer census of all employees
- Current plan and trust document (including all amendments)
- Annual summary valuation statement
- Investment policy statement
- Summary Plan Description
- Copy of employer and participant statements
- Estimated annual employer/employee contributions – 3 to 5 years
- Enrollment and educational material
The Hartford
- Full service plan provider with 39 fund managers
- Solid diversification of investment choices, including a fixed account
- Also provides trustee services, Morningstar guidance online for an additional fee
- Excellent back office support and quality plan provider for start-up plans
- Ability to use as a bundled or unbundled plan depending on the Plan Sponsor's objectives
Great West Retirement Services
- Provides three specific design models based on plan assets and number of employees.
- Provides both full service and third party administration platform
- Strong participant information and on-line service support
- On-line enrollment, plan administration, and filing
- Nine asset levels from asset allocation to international with an online, ongoing performance and management review
Securian Retirement Services
- Experienced, 76 years of retirement plan services with 25 fund managers
- Current assets under management are over $26 billion as of 3/31/06, including outside investment advisory clients
- Written and defined administrative service standards
- Strong competitor for plans of $1 million in assets and above
- Strong back-office support; recognized for outstanding service by PLANSPONSOR 2006