
Missed Deferral Opportunities: What to do?
We get it, errors can happen. If you notice an eligible employee(s) has been mistakenly excluded from being able to make contributions to your 401(k)
We get it, errors can happen. If you notice an eligible employee(s) has been mistakenly excluded from being able to make contributions to your 401(k)
Managing your 401(k) account is easier than ever with online account maintenance at slavic401k.com.
In order for Slavic401k to service your retirement plan efficiently and facilitate the compliance testing and reporting, please follow these guidelines.
An Adopting Employer of a Multiple Employer Plan or Pooled Employer Plan may (for any reason) withdraw from participation under the Plan. Learn more about the process.
Use this calculator to estimate your Social Security benefits.
Use this calculator to help determine the impact of roth contributions within your retirement plan and your paycheck.
Use this calculator to determine which 401(k) contribution type might be right for you.
Quickly determine if your retirement plan is on track – and learn how to keep it there.
Do you know how much it takes to create a secure retirement? Use this calculator to help determine what size your retirement nest egg should be.
Use this calculator to determine your Required Minimum Distributions (RMD) as an account owner of a retirement account. This financial calculator will also look at potential future year’s distribution requirements.
There are several ways to manage your 401(k) when you leave an employer. Making the wrong decision can cost you thousands of dollars both in taxes and lost earnings.
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.