401 (K) Retirement Plan
Health Insurance | Dental Insurance | Ancillary Insurance | Section 125 Plan | 401 (k)
PrimeGroup helps you and your employees meet financial goals for retirement by partnering with one of the most trusted names in the financial industry. ING Financial Services offers Employers retirement plans with flexible plan design and diverse investment funds.
ING keeps you informed at all times. The exchange of information is an important part of any retirement plan. The following elements represent a sample of the communication and ongoing compliance that PrimeGroup provides:
- Summary Plan Description.
- Quarterly management reports and participant statements.
- Recordkeeping, with electronic data and funds transfer.
- 24-hour access to participant account information via an interactive voice response system or online.
- Toll-free support line for employers.
- Completion of Form 5500.
401(k) Recordkeeping
Recordkeeping — a sizable part of a retirement plan expense — involves maintenance of account data, application of accounting procedures, filing of forms, and compliance with government regulations. Traditionally, the cost of doing these tasks for smaller businesses has been prohibitively expensive. However, PrimeGroup drastically reduces costs and puts a plan into effect while you focus on your business. Whether you're a PrimePay payroll client or not, we take care of the following details:
- 401(k) plan document.
- Participant enrollment using easy-to-understand enrollment packets and state-of-the-art voice response technology.
- Required compliance testing.
- Participant loans and distribution options.
To get started, please complete the following request form and one of our PrimeGroup consultants will call you upon receipt.
