Why Use the PEP 401(k) Option?
At Financial Designs, we specialize in creating customized 401(k) plans that prioritize retirement and outcomes. PEPs are designed specifically for employers who care deeply about their employees' futures, offering an efficient solution compared to traditional 401(k) plans.
Why Join the FDAbundance PEP?
Here is why the PEP may work for your company:
Employer Benefits: Your 401(k) plan still addresses employer goals and the company’s financial strategy. (make this one first)
Retirement Outcomes Design: Your 401(k) plan is designed for participant outcomes.
Customized401(k) Plan: Your company’s plan design remains customizable in the FDAbundance PEP. Companies with Cash Balance Pension Plans and ESOPs may join also.
Fiduciary Compliance: Your 401(k) plan will have 3(16) services, 3(21) and 3(38) investment services, and discretionary trustee. No retirement plan committee is needed. No company officer is a trustee. No company officer picks and chooses investments for the participants.
No Standalone Plan Audit: Employers no longer have the time or cost burden of a standalone 401k plan audit.
