350 East Ogden Ave. Westmont, IL 60559
- 630.920.0000
- info@employco.com
Employco USA, Inc. 401(k) Plan
By managing your benefits through Employco, you can demonstrate that you are committed to delivering a robust benefits package to your employees while maintaining focus on growing your business. In addition to your core business solutions, a strong 401(k) can round out your value-added employee benefits services.
Employco, working with MassMutual, offers a comprehensive retirement plan solution for small and mid-size businesses that offers simple implementation and administration. Employco enables you to offer a high-quality retirement benefit that relieves the administrative burden you may be facing if you’re managing a plan on your own today. It can also minimize your fiduciary responsibilities.
Perhaps most importantly, the plan can help you not only attract and retain quality employees, but will encourage these employees to make good decisions today that will move them closer to their retirement goals tomorrow.
The value of adopting the Employco USA, Inc. 401(k) Plan
The plan offers:
- A low cost solution to enhance your benefits package
- Streamlined plan management with features and services typically available only to larger companies
- A dedication to plan health, powered by targeted communications and education
- A comprehensive variety of investment options
- Flexible plan design options
- A seamless installation process
MassMutual's commitment to the Multiple Employer Plan (MEP) industry stems from many years of experience, which has enabled us to design a plan that achieves these objectives.
A low-cost solution
If you are managing a plan on your own today, then you're probably used to paying for basic plan services, such as annual audits, Form 5500 preparation and filing, and nondiscrimination testing. These costs are included in the overall pricing of the Employco USA, Inc. 401(k) Plan. Overall cost may be lower as well, since you benefit from being part of a much larger plan.
If you do not manage your own plan today, consider this: Through Employco, you may be able to adopt the 401(k) Plan with a low-cost, one-time adoption agreement fee.
Streamlined plan management
You can focus on your other business priorities, knowing that knowledgeable retirement professionals handle the daily operations of your plan.
The Total Retirement Center (TRC), MassMutual’s secure plan sponsor website, provides timely access to information and the ability to initiate plan transactions quickly and easily. The TRC delivers:
- Easy transfers of contribution and demographic data
- Investment performance information
- Financial, participant, loan and other reporting
- Complete loan administration
- Detailed plan information and event summary
- Industry and compliance updates/alerts
We also offer compliance services, such as testing, required minimum distribution reporting, merger/acquisition assistance, and more.
