For the majority of Americans, their employer’s retirement savings plan is the only long-term savings they have. With social security benefits projected to cease by 2033, the ‘how to’ is becoming increasingly important. As a result, many wondering how they are going to save.
Slavic401k was founded with the vision to provide a retirement savings solution to the underserved small business sector. We do this by partnering with PEOs like yours that offer small businesses a full-service HR function, to also offer an employer sponsored 401(k) plan.
The cost to participate in a PEO’s pooled retirement savings plan can be less than a small business would pay to offer a similar standalone 401(k) plan to their employees. What’s more, it eliminates many of the administrative responsibilities for the employer. It creates an incredible value proposition for businesses to choose your PEO and stick around for the long haul.
In the end, the businesses you serve gain access to a robust 401(k) plan for their employees, which rivals the retirement offerings at large companies attempting to poach their talent.
In other words, you get MORE business clients and retain MORE of them longer. Your clients get MORE investment options, all while retaining MORE of their top talent and keeping MORE money in their bottom line.
Setting up and administering a 401(k) plan can be daunting. We have over 35 years of experience as a third-party administrator, recordkeeper and when needed, investment advisor. Our turn-key solutions take away many of the responsibilities that come with 401(k) plan administration for you and your clients.
A sales prospecting tool to help PEOs generate proposals and value propositions for potential clients.
Create a clear path to your retirement goals with a customized savings plan built entirely online.
AUTOMATED CONTRIBUTION PROCESSING
Contribution data is automatically transferred to Slavic401k as a part of payroll processing.
All eligibility notices, detailed disclosures and DOL regulations.
Single plan adopted by two or more unrelated employers required to have an employment base common nexus. The most common plan for our PEOs.
Single plan adopted by two or more unrelated employers not required to have an employment-based nexus.
PEPs vs. MEPs vs. SEPs … figure out which plan is right for your business.
Everything you need to know about the benefits of offering a 401(k) to your clients.
Whether you manage an entire plan or individual account, our technology tools make managing money more efficient.