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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 - both have 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 online conference or
personal visit. - 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 third party plan administrators to offer clients low cost,
open architecture 401k and profit sharing plans. Our plan administration partners offer:
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
Oak Street Advisors
1335 44th Ave N Suite 203
Myrtle Beach, SC 29577
843.946.9868
Finding all the fees charged to plan participants is like pealing an onion - both have many layers and both will likely make you cry |
