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“I’ve had clients who wanted something other than high-fee insurance products. Now I can offer them an alternative. I’ve lowered client costs and have expanded my practice with advisors looking for multi-family plans… The best part is, I get all the credit while Employee Fiduciary does all the work." — National TPA, Atlanta, GA
Employee Fiduciary gives Third Party Administrators the ability to offer daily recordkeeping and 100% open-architecture investment platform at the lowest cost in the industry.
Features include:
- Access to any mutual fund from any fund family available to 401(k) plans
View fund family list
- Daily recordkeeping
- 24/7 online account information for participants, plan sponsors and advisors
- Rapid posting of all participant contributions and transactions
- Customized participant statements View sample
- Free co-branded proposals
- Preparation of annual 1099-Rs and form 945 deposits
- Detailed TPA plan reports, including census information
- No plan size minimum
TPAs remain the point of contact for their clients, offering client advisory services, plan design, document preparation, contribution calculations, form 5500 preparation and testing. We handle daily recordkeeping and provide seamless back-end support. |
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TPAs and advisors have the ability to offer any fund from any fund family at the lowest cost in the industry. This gives advisors maximum flexibility to reduce investment expense and improve performance.
Many 401(k) providers limit investment options to their own co-branded investments with high expense ratios. Others only offer mutual funds from fund families that pay non-disclosed recordkeeping subsidies (called sub-TA fees). These practices unnecessarily drive up plan costs and reduce real returns.
Employee Fiduciary fully discloses all recordkeeping payments it receives from fund companies and forwards 100% of this revenue directly to the plan. Plan Sponsors can use this to reduce--or even eliminate--plan expenses, including TPA fees. |
