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Darren Seward
410-303-6665
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401(k) plans are not designed for small and mid-size groups; they charge for administration, compliance testing and 5500 preparation. Broker commissions are small and trickle in over time. CBIZ offers a 401(k) plan that eliminates employer costs, thus serving the needs of groups with less than $10M in assets. Broker commissions are generous with most of the compensation paid up front and not from plan assets. CBIZ has specialized in 401(k) plans since 1995. Their management team has extensive industry experience and currently ranks among the nation’s largest 401(k) service companies. CBIZ will assist you in consulting with your groups regarding plan design options, profit sharing and enrollment. They also provide employee communication services and web access monitoring of accounts. There are no administration fees, set-up fees, conversion fees or document fees, just straightforward advising, consultation and advocacy from a leader in the 401(k) industry. - No annual TPA administrative, set up, conversion, plan amendment or document fees
- Complete compliance services including 5500 preparation and monthly testing
- Access to 60+ no-load funds from multiple fund companies
- On-site enrollment and annual re-enrollments available
- CBIZ service representatives for all employer and employee service matters
- 24/7 web access to participant accounts
- Participant access to a Certified Financial Planner at no additional cost
- Generous compensation that is not paid out of the plan's assets
- Only requires a L&H license
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