The 401(k) Exchange: Most CPAs have or want to start a retirement plan for themselves and their employees. Yet, most sponsors (employers) may not fully understand their obligation to act as the trustee for their plan; there are legal and ethical responsibilities they commit to when opening and maintaining retirement programs. To that end, many firms seek professional assistance with the administrative, fiduciary, legal, and ethical responsibilities tied to a 401(k).
Our group 401(k) exchange, which was specifically designed for small- to medium-sized professional businesses, greatly reduces sponsors’ administrative burdens, freeing plan participants to perform their profitable core work.
Additionally, in today’s tight labor market, attracting and retaining quality employees can be challenging. Having a quality retirement plan in place can significantly boost the attractiveness of any offer.
MICPA members can receive a complimentary review of their existing 401(k) or no-cost consultation for new plans.
Discounts: MICPA members receive a 15% discount on the financial advisory services for their 401(k) exchange plan participation. Other fees charged by Transamerica are priced competitively to support professional practices.