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Let
NEBS & GoldK™ help build a nest egg for
future retirement.
Small
Business 401(k) plans are more affordable and
easier than you think. NEBS is partnering with
GoldK™, an experienced provider of online
retirement plans, to bring you low cost 401(k)
plans. GoldK™ 401(k) plans combine online
convenience and value with the superior resources
of some of America’s top mutual fund leaders.
Online 401(k) plans efficiently hold down the
administrative costs but still provide all the
features of big 401(k) plans.
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other benefits include: |
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- Low
cost: With no setup charges, no participant fees and
reduced administration fees, more of your money works for
you and your employees.
- Two
flexible 401(k) Plans: Choose the type of 401(k) plan
that’s right for your company, then select from a wide
variety of quality investment funds managed by some of the
country’s highly regarded mutual fund families including
Janus, OppenheimerFunds, Pioneer and more.
- Easy
& Effortless: Let the experts administer your plan
to meet compliance regulations and enable you to lighten
your workload.
- Tax
Savings and Credits: Plan now and start taking advantage
of increased tax savings. In addition, a 50% tax credit
will be applied to the first $1,000 in administrative fees
incurred for each of the first three plan years.
Tell
me more about…
1)
How much will it cost to sponsor a 401(k) plan for my small
business?
2)
Which of the two 401(k) plans fit my Small Business needs:
SafeHarborK or ProfitK?
3)
What investment choices do I have to customize my SafeHarborK
or ProfitK 401(k) plan?
4)
What type of recordkeeping and administrative services are
provided?
5)
Do you have any helpful retirement tools and services?
6)
Who is NEBS partnering with to offer Small Business 401(k)
plans?
7)
Is secure, 24/7 access to the 401(k) plan available?
8)
How Do I Start?
1)
How much will it cost to sponsor a 401(k) plan from NEBS partner
GoldK™, and how does this cost compare with local or
national administrators?
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to Index | Contact Us
| Sign Up Now
| Fees* |
GoldK™
401(k) Plans
(SafeHarborK, ProfitK) |
Local
Administrators* |
National
Administrators* |
| One-time
Set-Up Fee |
$0 |
$700-$1,200
plus per-participant fees |
$750-$1,550
plus per-participant fees |
| Administration
Fee - First Year |
$1,095 |
$950-$1,350 |
$1,750-$2,750 |
| Annual
Administration Fee beginning Year 2 |
$595 |
$950-$1,350 |
$1,750-$2,750 |
| Annual
Per-participant Fee |
$0 |
$25-$35 |
$25-$40 |
| Total
First-Year Cost |
$1,095
and no per-participant fees |
$1,650-$2,550
plus per-participant fees |
$2,500-$4,300
plus per-participant fees |
| Total
Second-Year Cost |
$595
and no per-participant fees |
$950-$1,350
plus per-participant fees |
$2,500-$4,300
plus per-participant fees |
*Estimate
based on survey of 401(k) plan vendors.
2)
Which of the two 401(k) plans fit my Small Business needs:
Safe HarborK or ProfitK?
Next | Back to Index | Contact
Us | Sign Up Now
|
SafeHarborK |
ProfitK |
| Description |
A
full-featured plan with fewer compliance testing requirements |
A
full-featured plan with a profit-sharing component |
| Key
Advantages |
- Non-discrimination
testing (ADP/ACP) does not apply
- Top-heavy
testing does not apply if there is a 3% employer nonelective
contribution
- Automatic
enrollment (from 1%-5%) available
- Vesting
is immediate
- A
choice of employer matching options (with nonelective
contribution options)
- Profit
sharing option (with Safe Harbor match election)
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- A
choice of vesting schedules
- A
choice of employer matching options
- Profit-sharing
option
- Automatic
enrollment (from 1%-5%) available
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3)
What investment choices do I have to customize my SafeHarborK
or ProfitK 401(k) plan?
Next | Back to Index | Contact
Us | Sign Up Now
Enjoy
a variety of investment choices from some of the leading mutual
fund families. With a fund selection ranging from conservative
bond to aggressive stock - and many more in between - you
and your employees can customize a retirement portfolio to
meet your individual needs. The mutual funds available for
401(k) contributions are listed below.
4)
What type of recordkeeping and administrative services are
provided?
Next
|
Back
to Index | Contact
Us | Sign Up Now
The
GoldK™ 401(k) plans help take the guesswork out of offering
a retirement savings program to your employees. What’s
more, you gain complete administrative services so you can
free up your time for your core business. These include:
- Signature-ready
prototype plan documents, related agreements, and annual
reports such as IRS Forms 5330 and 5500
- Summary
Plan Description preparation
- Plan
amendments as required for regulatory and tax law changes
- Contribution
and rollover processing
- Plan-
and participant-level accounting
- All
IRS-mandated nondiscrimination testing
- Daily
account valuations and online participant statements
- Same
day/late day processing of contributions and investment
changes
- Loan
modeling and processing
- Distribution
processing and all related IRS reporting
5)
Do you have any helpful retirement tools and services?
Next | Back
to Index | Contact
Us | Sign Up Now
A
large part of a 401(k) program’s success hinges on encouraging
enrollment and savings, while educating employees to make
sound retirement decisions. The GoldK™ 401(k) program
offers all of that and more, including these tools and services:
- Retire
Today™, a daily e-newsletter for 401(k) plan
participants featuring financial and market information
- Your
Investment Profile™, enabling participants to
develop a risk/reward profile for their retirement investments
- Model
portfolios from leading mutual fund companies, tailored
to differing risk/reward profiles
- 1-Click
IRA Rollover™, to help make a complex process
easy and consolidate previously invested retirement assets
in one place
6)
Who is NEBS partnering with to offer Small Business 401(k)
plans?
Next | Back to Index | Contact
Us | Sign Up Now
NEBS
has leveraged the expertise of GoldK™, an independent,
experienced retirement plan provider that utilizes groundbreaking
technology to deliver state-of-the art, full-service 401(k)
programs at minimal cost. The key is straight-through processing,
which allows for all aspects of adopting, maintaining, and
participating in a plan to take place online. Through GoldK™,
we are also able to provide you with a wide selection of leading
mutual funds and model portfolios plus secure plan access
on demand, complete plan administration and record-keeping
services, and online investor education. GoldK™’s
401(k) specialists are on hand to assist you all the way from
plan setup through ongoing plan management.
7)
Is secure, 24/7 access to the 401(k) plan available?
Back to Index
| Contact
Us | Sign Up Now
Full
plan access anytime - 24 hours a day, 7 days a week - allows
plan sponsors to manage all aspects of their 401(k) plan,
including:
- Setting
up a full-service 401(k) plan in a matter of minutes
- Reviewing
or updating participant and contribution data
- Processing
contributions and rollovers
- Reviewing
plan documents and reports
Plan
participants can also:
- Set
up their 401(k) account
- Develop
a risk-reward profile and build an investment portfolio
to match it
- View
their account balances and investments
- Adjust
their investment allocations or change their contribution
level
- Request
a loan or distribution
- Gain
investment insight from Retire Today™, a daily
e-newsletter
8) How Do I Start?
Back
to Index | Contact
Us
1)
Assemble This Information
- Employer
Identification Number
- Authorized
Signer (whether it is an assigned trustee or plan sponsor
designee)
2)
To access the 401(k) site
- Enter
set-up code: NEBS-0007 after clicking on the “Set-Up
Plan” button below
If you have questions, call 1-877-898-5755
to speak with a 401(k) specialist or click
here to send us an e-mail.
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