CAMPBELL, Calif. - (Business Wire) 401kDIRECT, innovator of the Advisor Delivered Plan and home of the CIF Marketplace, announces the launch of the 401kDIRECT MAX Plan to be available for advisors, administrators and plan sponsors beginning October, 15
th.
The MAX Plan is designed to provide 401k Professionals with a simplistic approach to marketing 401(k) plans. Based on an “all in” fee structure, the MAX plan has all the customary components of a traditional 401k Plan included in just one basic fee. In addition, the MAX Plan has 4 pre-screened investment portfolios based on standard fiduciary criteria and investment fund credits paid back to the plan. This makes it easy for the Advisor and Plan Sponsor to select quality funds for their budget needs and keeps total pricing of the plan completely transparent.
Within the 4 MAX Plan investment portfolios, plan sponsors can choose from hundreds of mutual funds and collective investment funds. The investment portfolios are structured so that the investment advisor and plan sponsor can determine the revenue paid back to the plan and thus determine the overall out of pocket cost to the plan sponsor and participants.
In addition to the simple fee structure and the pre-screened investment portfolios, key features included in the plan are:
- Customized Plan Document
- Daily Valuation/Record Keeping
- Custody/Trading
- 24 hr Advisor, Plan Sponsor and Participant access through Web and VRS
- Compliance Testing and 5500 Preparation
- Dedicated Client Relationship Manager
David Wade, President/CEO, “Advisors are looking for a plan that will fit the small plan market. A comprehensive 401k plan where the plan sponsor out of pocket costs are minimal and the fee structure is transparent and simple. The MAX plan fills this need.”
Eliminating start up fees, participant fees and many of the ancillary fees combined with pre-screened investment portfolios makes the MAX Plan ideal for the smaller plan market.
401kDIRECT, formerly PENTEK Pension Services, is headquartered in Campbell, California with offices in Chicago, Illinois and Columbus OH. 401kDIRECT has specialized in the 401(k) arena since 1984.
For a list of MAX Plan features or for more information, please contact Laura Arocha, larocha@401k-direct.com or 800-571-5104 ext.112.
401kDIRECT
Laura Arocha, Media Director
800-571-5104 ext.112
larocha@401k-direct.com
www.401k-direct.com
