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401(k) Evolution

Group Retirement Solution

Retirement plans are crucial to the success of many businesses, but the administration and regulations associated have proven to be difficult for many business owners. For this reason, we have teamed up with Associates Financial Group and created our Group Retirement Solution to help with this difficulty.

 

Our Group Retirement Solution (GRS) 401(k) is an aggregated solution based on sound structural elements that have been reviewed ​and successfully tested based on fiduciary responsibilities specified in the law and regulations, from the Internal Revenue Service, the Department of Labor, Employee Retirement Income Security Act and other government agencies.

Our retirement solution is built around 5 issues employers want solved:

Easier to Administer 401(k) Plans

Employers outsource the functions and liability of the retirement plan administration. We become each employer's retirement plan support team in action and accountability. This program eliminates a majority of your plan administration burden, allowing you to focus on your business.

Compliant 401(k) Plans

Employers face a voluminous number of regulations, documentation, record keeping and tasks that come from IRS and DOL requirements. Our team, as ERISA 3(16) Plan Administrator on each plan, takes on oversight and execution of tasks required to keep each plan compliant.

Substantial & Well Known Providers

Since 2004, our team has been offering aggregated retirement services. The program combines 3(16), 3(38) and TPA services for "end to end" retirement plan oversight. We team with well-known industry leading Record Keepers and Investment Managers.

Protection from Fiduciary Liability

We take on the highest level of fiduciary liability by serving as an ERISA 402(a) Named Fiduciary on each plan. This makes our program responsible and accountable for operational investment oversight. Our administrator signs off on all actions and decisions made for each retirement plan in the Group Retirement Solution.

Pay Reasonable Cost

Leveraging the aggregation model results in minimal billable to the employers in the Group Retirement Solution. This allows monies that would normally be spent on fees, to instead be used for enhancements to the retirement plan offering. The GRS retirement plan is competitively priced and often costs less than other programs offering fewer comprehensive services.

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Tel: 864-655-4700

*Check the background of this investment professional on FINRA’s BrokerCheck.

*Securities and Advisory Services Offered Through Client One Securities, LLC Member FINRA/SIPC and an Investment Advisor. Upstate Wealth Management and Client One Securities, LLC are not affiliated.

This information is designed to provide a general overview with regard to the subject matter covered and is not state specific. The authors, publisher and host are not providing legal, accounting or specific advice for your situation. 

200A South Main St, Greenville, SC 29601