Documents

The Pension Department, Inc., provides document support as part of our 401k administration.  We will help you keep your plan documents in compliance at all times.  Many 401k administration firms make you use their plan documents so they can make extra money.  The Pension Department, Inc., offers companies the flexibility to use their existing plan documents, as long as the documents are in compliance.  We don’t charge a takeover fee or an installation fee, like many 401k administration firms, thereby saving money. 

The most common type of document is the Standardized Prototype.  It is the least flexible out of all documents.

Volume Submitter Documents offer employers a wide variety of 401k Administration Options. However, unlike a standardized prototype, which offers limited options, a volume submitter plan offers numerous options.

 

Individually Designed Plan offers employers the most 401k Administration options allowed by law. Our Individually designed plans are written and submitted to the IRS by our legal department.  Our legal department will obtain IRS approval of the individually designed plan.