ERISA Compliance
Compliance with the ERISA
Act (Employee Retirement Income Security Act) is
a serious matter for fiduciaries and plan trustees. Liability for
plans found in violation of DOL (Department of Labor) regulations is
considered a personal liability meaning that the fiduciaries of plans must
often pay fines from their own personal assets. Unintentional
violations have cost small business owners, CFOs and other trustees
millions of dollars.
Under the ERISA
Act pension plans are required to be overseen by a prudent expert. It is also beneficial to have an objective, arm's length method of reporting and monitoring for the plan and its investments.
By simply having your mutual fund company
list Atlantic Financial as the 'broker
of record' for your company, you take an important step toward complying with several key aspects of ERISA.
This service is at no cost to you.
More
Information:
401k Plan |
401k Plan Services |
401k Plan Investment Options |
401k Plan Setup
Employee Education 404(c)
Another Department of Labor requirement is that eligible employees be properly educated about their plan and its options. Atlantic Financial can assist in the required education process and help increase plan participation. We have a streamlined process to educate participants. All we need is a date and time. Ongoing services for participants include: live telephone access, individual financial planning sessions and personalized reviews of their plan performance.
Our Transition Team
Atlantic Financial has a team of highly trained professionals who stand ready to assist in transferring an existing plan. Some fund companies and investment firms have as many as fifty toll free numbers. We can help you save time by wading through the paperwork and doing the legwork for you.
Services include: developing a written Investment Policy Statement, helping you review or select a professional money management firm and
semi-annual reviews of portfolio performance.
Atlantic Financial can setup new 401k plans or administer existing 401k
plans. We can also help your company serve former employees by
transferring them out of your plan and into their own IRA account with
an IRA Rollover - it's
better for the participants and saves the company money as well.
For more information: please call 1-800-559-2900,
or use this form to contact us:
Back to beginning of the
ERISA Act:
Department of Labor Regulations Regarding Participants
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