401K Retirement Plan
Is your 401k plan bloated with hidden fees and charges?
As a business owner you are probably one of the biggest
participants in your company plan, but it is unlikely that you even
know what the total fees and expenses of your plan is. Finding
all the fees charged to plan participants is like pealing an onion -
there are many layers and both will likely make you cry.
That is where we can help. Oak Street advisors can help you
build a 401k plan with low fees and total transparency. By
partnering with a recognized leader in low cost 401k plan
administration and utilizing an open platform for investment
options we can help you design a plan that allows you and your
employees to build a retirement nest egg that is not handicapped
by bloated fee structures.
How We Can Help
For a low fee of 0.25% of plan assets annually with a minimum
annual fee of $1,000 (plus travel costs) Oak Street Advisors will:
Oak Street Advisors partners with Employee Fiduciary to offer
clients low cost, open architecture 401k and profit sharing plans.
The 401k platform we offer provides a comprehensive suite of
tools for both the individual participant and the Human Resource
officer of your firm.
Employee Fiduciary
For only $25 per eligible employee per year with a minimum
annual fee of $1,500, Employee Fiduciary offers the following
services.
Plan Sponsor Services
Participant Services
To learn more about how Oak Street Advisors can help you and
your employees or to request a free analysis of your current
401k plan, please call us at 843.946.9868 or toll free at 877.946-
9868. Or you can just send an email to 401k@oakadvisors.com
Is your 401k plan bloated with hidden fees and charges?
As a business owner you are probably one of the biggest
participants in your company plan, but it is unlikely that you even
know what the total fees and expenses of your plan is. Finding
all the fees charged to plan participants is like pealing an onion -
there are many layers and both will likely make you cry.
That is where we can help. Oak Street advisors can help you
build a 401k plan with low fees and total transparency. By
partnering with a recognized leader in low cost 401k plan
administration and utilizing an open platform for investment
options we can help you design a plan that allows you and your
employees to build a retirement nest egg that is not handicapped
by bloated fee structures.
How We Can Help
For a low fee of 0.25% of plan assets annually with a minimum
annual fee of $1,000 (plus travel costs) Oak Street Advisors will:
- Assist Client in selecting an appropriate retirement plan
and provide education as to plan options and alternatives. - Assist Client in analyzing and comparing the expenses of
current and alternative plan options. - Act as a co fiduciary in selection of plan investment options.
- Provide professionally designed risk based portfolio
options for participants. - Monitor and recommend modifications to investment
options as appropriate. - Provide annual sign up and plan education meetings via
GoToMeeting or personal visit (up to two locations). - Provide ongoing education for plan participants through
quarterly electronic newsletters. - Provide a risk tolerance questionnaire and analysis of the
questionnaire results for each participant who requests the
service. - Act as a liaison between client and plan administrator as
needed.
Oak Street Advisors partners with Employee Fiduciary to offer
clients low cost, open architecture 401k and profit sharing plans.
The 401k platform we offer provides a comprehensive suite of
tools for both the individual participant and the Human Resource
officer of your firm.
Employee Fiduciary
For only $25 per eligible employee per year with a minimum
annual fee of $1,500, Employee Fiduciary offers the following
services.
Plan Sponsor Services
- Full service, in-house administrative support to guide plan
sponsor and trustees step-by-step through the plan
adoption process - Free plan consultation and optimal plan design
- Plan documents, including Summary Plan Document and
Investment Policy Statement, approved by the Department
of Labor and the IRS, and suggested procedures to
establish an effective implementation and monitoring
process that satisfy the requirements of ERISA. - Free copies of the EF Fiduciary Guidebook, which guides
employers step-by-step through the requirements of
sound plan sponsorship. - Statement of deductibility for IRS tax-refunds
- Preparation of annual IRS filings, including Form 5500
(and Form 5307 and 1099s, if necessary) - Free annual ADP/ACP compliance tests, 415 tests and
other general non-discrimination tests - Free reports on plan participation, contribution levels, and
performance. - Dedicated 401(k) specialists available toll-free during
normal business hours.
Participant Services
- Personal service representative available toll-free to
answer questions during normal business hours - 24/7 participant access to account information showing
balances, recent transactions, loan activity and change in
value. - Free performance reports from Morningstar
- Daily valuation and trading
- Optional self-directed accounts
- On-site, web-cast and phone enrollment education
seminars - Optional automatic re balancing.
- Optional automatic enrollment.
- Spanish language participant website. Spanish help desk
and other foreign language support on request.
To learn more about how Oak Street Advisors can help you and
your employees or to request a free analysis of your current
401k plan, please call us at 843.946.9868 or toll free at 877.946-
9868. Or you can just send an email to 401k@oakadvisors.com
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Useful Links
A Safe Harbor for Your 401k
Department of Labor
Understanding Retirement Plan Fees
and Expenses
401k Plan Fee Disclosure Tool
Meeting Your Fiduciary Responsibilities
Selecting and Monitoring Pension
Consultants - Tips for Plan Fiduciaries
Employee Fiduciary
BizZilla - tips, links, and ideas for small
business owners
A Safe Harbor for Your 401k
Department of Labor
Understanding Retirement Plan Fees
and Expenses
401k Plan Fee Disclosure Tool
Meeting Your Fiduciary Responsibilities
Selecting and Monitoring Pension
Consultants - Tips for Plan Fiduciaries
Employee Fiduciary
BizZilla - tips, links, and ideas for small
business owners
| Finding all the fees charged to plan participants is like pealing an onion - there are many layers and both will likely make you cry. |
