For many small businesses, offering a 401(k) has felt out of reach—burdened by high costs, complex regulations and fiduciary risks. But that’s where you come in.
The landscape is changing fast with the rise of Pooled Employer Plans (PEPs).
As the American Academy of Actuaries explains: PEPs have the “potential to reduce costs, complexity, fiduciary liability/risks and administrative burdens for employers seeking to offer 401(k) retirement plans”
Why Choose PrismHR Retirement Services?
PrismHR Retirement Services connects with your existing PrismHR instance—just like the PrismHR Tax, Talent Management and Workforce Management solutions do.
For larger PEOs or payroll providers with existing plans, we offer tighter integration, better recordkeeping and third-party administration to boost efficiency and client experience.
Key Benefits include:
- Comprehensive Administration: The plan handles all plan documents, 5500 filings, participant notices, loans and distributions.
- Fee Transparency: The plan provides a clear fee disclosure for employees with no hidden costs.
- Custom Plan Design: The plan allows you to offer your clients the ability to set their own eligibility, matching and vesting terms.
- Full Compliance Coverage: The plan provides nondiscrimination testing to required notices.
- Total Payroll Connectivity: The plan lets contributions flow directly from PrismHR payroll, which ensures accuracy and automation.
- White Glove Service: The plan includes dedicated account managers and proactive support throughout your clients’ journeys.
Ready for Your Retirement Service?
Download our white paper to learn more about how PrismHR Retirement Services can help your clients offer integrated retirement services while boosting your bottom line.
