A cost-effective retirement plan solution exclusively for IMA members.
FEATURES OF IMA 401(k) PLAN
- Lower potential costs: Both employees and employers may realize savings due to being able to access the necessary scale to bring down administrative costs of the plan.
- Lowered administrative and fiduciary burden: Employers can streamline their administrative burdens by offloading various tasks to outsourced fiduciary partners.
- Access to institutional investments: A larger pool provides access to low-cost institutional-level investment options that may not be available in single plans for small and mid-sized employers.
- Similar benefits to larger plans: Employers can access the same technology and fiduciary oversight that is typically only offered to larger plans.
- A recruiting and retaining edge: In today’s tight labor market, offering a 401(k) plan may make employers more attractive to potential employees and serve as a retention tool.
IMA 401(k) PLAN HIGHLIGHTS
▶ Low all-inclusive per participant fees
▶ iJoin paperless enrollment experience
▶ Flexible plan design
▶ SMARTMap employee financial wellness and foundational planning
▶ Fiduciary outsourcing for investments and plan administration
▶ Profit sharing/cash balance allocation options
▶ Payroll integration with top vendors
WHAT'S TAKEN OFF YOUR PLATE
▶ Statements and employee notices
▶ Plan administrations
▶ Form 5500 filing
▶ Fiduciary liability
▶ Nondiscrimination and compliance testing
▶ Investment selection and monitoring
▶ Audit requirements
▶ Loans and distributions processing
For more information, please reach out to Sean O’Flaherty:
(888) 939-0233 Ext. 1 – seano@worldadvisors.com
