Build Qualified Retirement Plans That Maximize Your Employees' Investments In Retirement
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Results Driven Retirement Plan Design
Attract and Retain Valuable Employees, Reduce Your Company's Tax Burden, And Invest In Your Retirement
We have worked with over a thousand employers nationwide to provide retirement plans that find the right balance between being a true employee benefit versus a retirement vehicle exclusively for owners and executives. After gaining a thorough understanding of your objectives, our retirement plan specialists devise plans with maximum tax benefits and minimum tax burdens for employers.
Retirement Planning Made Easy
We earned our leadership status in retirement plan administration by providing customized retirement plans supported by attentive customer service. People like working with us. Our team approach helps us to deliver continuous support to clients. Many of our administrators have been with the firm for over 20 years. Because of the long tenure of our staff, our team develops a bond with our clients and a deep understanding of their retirement needs.
We also recognize the importance of effective communication to ensure participants truly understand and appreciate their retirement plans. Unlike other providers who utilize call centers, our clients receive direct dial support so they can quickly and easily contact a familiar representative. Our method increase efficiency and eliminates unnecessary hassles.
Plan Design
With an in-depth understanding of retirement planning, We create plans that utilize the full extent of the tax code. Our experience affords us the ability to customize a retirement plan that serves the maximum purpose for your business. By remaining conscious of market factors and shifting government regulations, our retirement plan experts dedicate themselves to creating practical plans to satisfy your objectives. We do not use "cookie cutter" plan concepts; we design a plan for you.
Whether looking to change an existing plan or looking for us to design a new one, we deliver a wide range of plans, including
- 401 (k) Plans
-
Profit Sharing
- Cross Tested
- Safe Harbor 401 (k)
- Employee Stock Ownership (ESOP)
- Cash Balance Plans
- Combined DB/DC
- Offset Plans
- 403 (b)
- 457
Fiduciary Services
Fiduciary services provided by us protect employers from facing fines or penalties for failing to satisfy fiduciary responsibilities. Along with offering diverse investment options and properly managing required documentation, our 3(16) fiduciary services appoint us as a plan administrator to assume liability alongside our client. With extensive experience and in-depth knowledge of retirement planning and compliance, we confidently assumes the role of co-fiduciary.
3(16) Fiduciary Services Include:
- Assume liability as an acting plan administrator
- Maintain the tax-qualified status of the plan document to ensure the plan acts in accordance with its terms and timely adopts mandatory plan amendments
- Determine eligibility of employees to participate in the plan and provide enrollment materials
- Provide plan participants with required documentation, such as SPD, SMM, and notices
- Maintain records in compliance with ERISA Section 3(16)
- Review, sign, and file all required government filings for Form 5500 (if applicable, Form 8955-SSA)
- Conduct fiduciary meetings and maintain meeting minutes
- Authorize and approve the payment of disbursements, distributions, and withdrawals by plan participants
- Represent the plan and oversee all communications with government agencies, including the IRS and/or Department of Labor
Payroll Integration
Combine information from your payroll to your retirement plan with our effective payroll integration. Our proficient system automatically transfers information, saving you time and money. A single portal takes the burden off of your staff to move data between platforms and greatly increases accuracy.
Advantages of payroll integration include:
- Automatic transfer of payroll data for the pay period
- Automatic transfer of funds
- Year-end census
- Fiscal year reporting
- Loan origination
- Automatic enrollment
- Employee deferral changes
Plans Starting At
STANDARD
$
4
PREMIUM
$
9
Fully Integrated HR and Payroll Platform
14,000+ Mutual Funds and ETFS
Low Cost Fund Lineup With Institutional Fund Pricing
No Proprietary Funds Required
Access to Quarterly Annual Education Meetings
3(38) Fiduciary Support
Custom Tailored Plan Designs
Managed Auto-Enroll and Auto-Increase
Managed 401(k) Administration and Signing of 5500
/ month /employee + $95 base fee /month
Estimated Startup Costs: $250 +
Estimated Asset Charge of 1.10%*
/ month /employee + $95 base fee /month
Estimated Startup Costs: $250 +
Estimated Asset Charge of 1.10%*
2020 Encompass Human Capital