By joining ABC Pelican's Retirement Savings Plan, you are able to provide a powerful retirement plan, help save money, and spend less time administering it. This Retirement Savings Plan, from a government reporting standpoint, is treated like one large plan. The end result for you is a 401(k) plan with competitive investments, outstanding service, and someone else doing a majority of the plan maintenance legwork. When you utilize the this Retirement Savings Plan, you have all the advantages and flexibility of a stand-alone plan sponsor, but avoid the expenses and administrative burden associated with sponsoring a single employer plan.
•No annual audit •Cost savings on the investments •No individual Form 5500 reporting •Minimal plan maintenance •Flexible plan features, including safe harbor, Roth, and profit sharing •Customizable 401(k) plan design options involving eligibility, matches, vesting schedules, and more