Profit Advantage’s “The 401(k) Retirement Plan”
Profit Advantage, combined with Mass Mutual Retirement Solutions, has put together an affordable retirement plan for small businesses. Our plan has all the flexibility of a custom plan, meaning you decide on your vesting schedule, determination of eligible employees and how you want to contribute towards the plan (profit sharing, safe harbor, matching, etc.). This plan is far superior to what a small business could get on their own.
Trustee liability and responsibility is the burden of Profit Advantage, This is an enormous relief to small businesses because one mistake can lead to costly audits and expensive fines or penalties.
Your employees will have the benefit of personal, one on one meetings, with a financial advisor solely dedicated to our savings plan. The advisor will help educate and assist the employees with their fund selection. The employees will have the following stock and bond funds to choose from:
Lastly, COMPLIANCE! We handle your fiduciary responsibilities, which include funding and contributing to the plan. Profit Advantage is responsible for conducting all year end audits, 5500 filings and participant distributions. If you compare our programs to other plans, you will find it is extremely affordable, especially after considering the elimination of Trustee liabilities and IRS paperwork, along with additional charges from your CPA for audits or reviews.
If you are interested in getting a retirement plan set up for your company, please contact our customer service department at 800-377-6085