With a customized Frandsen Bank & Trust plan for your company, you can provide your employees with a superior retirement plan, spend less time on plan administration, and save money on fees.
Potential Cost Savings
- Complete open architecture
- Low costs for plan document maintenance, restatement, or amendments
Participant Education and Resources
- On-site participant education
- Online educational videos
- Electronic participant newsletters
- Online, straight-through requests for loans, distributions, and hardships
- Online investment fact sheets and prospectuses
- Annual fee disclosure statements
Fiduciary Support
3(38) Investment Manager
- Completes the selection and monitoring of investment portfolio in accordance with the Investment Policy Statement (IPS)
- Monitors fees to ensure they are reasonable
3(16) Plan Administrator
- Provides employee notices, eligibility tracking, and distribution management
- Interprets and enforces plan document
- Ensures IRS and Department of Labor compliance
- Flexibility in plan design
- Ability to maintain unique plan design features such as vesting schedule, type and amount of employer match, Roth option, plan loan availability, and hardship