
Email Express
Email Express provides participants with weekly insights into their account balance as well as commentary on market fluctuations that could directly impact your portfolio’s performance.
Email Express provides participants with weekly insights into their account balance as well as commentary on market fluctuations that could directly impact your portfolio’s performance.
Sponsor Express is a monthly email subscription that provides the company owner or plan sponsor with valuable information about their retirement plan.
All of the basics on qualifications, offerings, administration and testing of a 401(k) plan as an employer.
Enrolling in your company’s 401(k) plan is an important financial step for your future. This guide will help you through the process.
Do you still have an only 401(k) plan with a previous employer? Use this document to help determine the best rollover option for your needs.
Ever wonder who is responsible for each administrative task in a Pooled Employer 401(k) Plan? This handy chart breaks it down.
Looking for clear direction on each role in administering a Multiple Employer Plan? This charts breaks it down.
Need clear direction on what role your company plays in administering a Single Employer Plan? This chart breaks down the responsibilities.
Uncle Sam and the retirement savings industry love acronyms. Use this guide to help break down the differences between the most common types of retirement savings plans for businesses.
Trying to determine which retirement plan is right for your business? This comparison chart breaks down the differences between Multiple Employer Plans (MEPs), Pooled Employer Plans (PEPs) and Standalone Single Employer Plans (SEPs) at a high level.
Offering a 401(k) as part of your benefits package not only makes a statement for your current and future employees, but it also has business advantages as well.
Enrolling in your 401(k) plan is easy. Watch this short video for an overview of how your 401(k) works and information on how to enroll.
Is there a Slavic 401(k) mobile application?
We currently have a mobile app in development that is scheduled to launch in early 2022.
What online reports are available for employers and sponsors?
There are many different reports for employers and sponsors online. Whether you need asset, audit, contributions, distributions, employer information or participant information reports, we have dozens available to you within the sponsor portal.
What is a safe harbor 401(k) plan?
A safe harbor 401(k) plan provides all eligible plan participants with an employer contribution. In exchange, safe harbor plans allow employers to avoid annual IRS non-discrimination testing, which can be costly for employers. Any 401(k) plan can be set up to include a safe harbor contribution.
How do I know my account information is secure?
The account information and transaction areas use Secure Socket Layer (SSL) encryption to ensure that your account information is not accessible to others. You are also required to use a multifactor authentication personal identification number (PIN) to access your specific account information.
What happens to my 401(k) account balances if I choose to leave or am terminated from the company?
Your distribution options are the same whether you voluntarily leave or are terminated. If your account balance is more than $5,000, you can leave your money in the plan. If you want to take your money with you, your vested account balance can be rolled into another 401(k) plan with your employer or put into an IRA. There are no tax penalties when your 401(k) is rolled over. If you cash out your 401(k), there is a 20% tax and possible 10% penalty. If you have an unpaid loan and request a distribution to yourself, the loan will be deducted from your balance paid out and be subject to a 20% mandatory tax, and possible 10% early withdrawal penalty.
Our old 401(k) plan did not have any fees. Why do we have fees in the new plan?
All 401(k) plans have fees, including your old plan. Usually these fees consist of three parts:
The first two categories of fees are almost always part of the ongoing expenses paid out of the account balances of the plan. Historically, most providers have not completely disclosed these costs to the participants. While it may appear that your old plan had no fees, the fact is they were not disclosed to you. It is common practice for 401(k) plan providers to net fees against investment earnings making them difficult to monitor.
Slavic401k is proud of the fact that we disclose all fees as a line item dollar amount on participant statements and on the website. Your new plan is fully transparent, and in most cases, significantly less in cost compared to your old plan.
Advisory services provided by Slavic Mutual Funds Management Corporation, an SEC-registered investment adviser. Registration does not imply a certain level of skill or training on the part of SMF or its representatives. Administration and record-keeping services are offered through Slavic Integrated Administration. Both entities are collectively referred to as “Slavic401k.”
No content published throughout this site should be considered by the reader to constitute any type of investment advice. It is not the intention of Slavic401k nor should the reader assume that any reference herein to any particular investment, asset mix, security, portfolio of securities, transaction or investment strategy should be construed as investment advice. To the extent any of the content published as part of the Services may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. No chart, graph, or other figure provided should be used to determine which securities to buy or sell. Any specific questions that you might have concerning your individual investment decisions should be addressed to your personal investment advisor or tax consultant.
For more details on Slavic Mutual Funds Management Corporation, see our About Us page. Past performance does not guarantee future results, and the likelihood of investment outcomes are hypothetical in nature. Neither diversification nor asset allocation ensure a profit or guarantee against a loss.