Benefits

As an adopting Employer, you will receive all the extensive and comprehensive benefits offered by a state-of-the-art, low-cost, highly efficient retirement plan for your employees. You will avoid all the complications of administration, as well as reduce the liability of sponsoring your own plan, all while enjoying the benefits of having a state-of-the-art 401(k) plan.

The Architect 401(k) Solution and The Finway Group as TPA and 3(16) Plan Administrator, take over the day-to-day operations of your plan as it relates to enrollments, notifications, administration and documentation—leaving more time for you and key employees to focus on business at hand.

As the ERISA 3(16) Plan Administrator of The Finway Group, we will be completing and filing the IRS Form 5500, with your authorization. We monitor all the administrative functions, as well as provide service for plan provisions, such as loans, distributions, vesting, terminations and hardship withdrawals. We also make sure all employee notices are sent out, including Safe Harbor Notices, Required Minimum Distributions (RMDs), Summary Plan Descriptions, Summary Annual Reports, and Fee Disclosure with Benchmarking Notices. Another key feature of our plan is our Co-fiduciary, an industry-leading ERISA 3(38) RIA fiduciary. By working with a fiduciary, we have transferred responsibility and liability with respect to investment selection, monitoring and replacement of funds to a 3(38) Registered Investment Advisor.

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