Tomorrows K: The Complete 401(k) Plan Solution

July 11, 2012

•  Traditional 401k Plans: Comparison with other Employee Benefit plans

•  What is Tomorrows K?

•  Program Structure

•  Questions?

Agenda

If a company decides to provide an employee benefit (example: health insurance), what does the company do?

The 3 steps above are essential for an employer “sponsoring” (providing a benefit for) an employee health insurance plan.

How about “Sponsoring” a 401k Employee Benefit?

Select  an  insurance  company  and  benefit  level  (deduc6bles,  co-­‐pays,  plan  type,  etc.)  

Decide  how  much  the  company  will  contribute  and  how  much  employees  will  contribute  to  total  health  insurance  cost  (premium)  amount  

Pay  total  premium  bill  to  insurance  company  ,  a?er  deduc6ng  employee  contribu6ons  from  their  paycheck  

Tradi&onal  401k  Plan  as  an  Employee  Benefit  –    What  does  “Sponsoring”  a  401k  plan  really  involve?  

•  A 401k plan, administered and overseen by a professional fiduciary, run jointly for multiple companies in order to allow the companies to run their 401k plan like any other employee benefit

•  A way of running 401k plans most commonly used by Trade Associations or Chambers of Commerce to provide a low cost solution for their members – representing 5% of all 401k plans nationally

What is Tomorrows K?

NAMED FIDUCIARY The Employer’s Fiduciary Solution (EFS) provides Fiduciary consulting services to large and small employers. EFS serves as Named Fiduciary and Trustee, and is responsible for both investment and operational oversight of Tomorrows K. EFS was founded by Matthew Fields, Registered Investment Advisor, CPA, Attorney, and MBA.

PLAN CUSTODIAN Tomorrows K Retirement Plan investments are held at Mid-Atlantic Capital Group, a specialty custody, brokerage and trade processing firm with over $40 Billion in combined assets.

RECORDKEEPER/THIRD PARTY ADMINISTRATOR 401(k) Plan Administration is provided by Summit Benefit Solutions, a firm founded in 1999 . They provide 5500 preparation, comprehensive compliance services, and participant services .

INVESTMENT FIDUCIARY Investment Fiduciary services are provided by Revolution Financial, a fee-based Registered Investment Advisory firm founded by Cliff Hetzel, MBA and Accredited Investment Fiduciary (AIF).

PLAN ADMINISTRATOR Allen Plan Administrators (APA) is the Plan Administrator for Tomorrows K. Founded by a former broker-dealer chief compliance officer and human resource consultant, APA focuses solely on Retirement Plan Administrative and Compliance services.

EMPLOYEE SERVICES Centerpoint Stewardship provides

Why is Tomorrows K Better?

1) We  run  the  Plan  and  assume  complete  Fiduciary  responsibility  for  plan  opera&on,  plan  investments,  and  plan  legal  oversight  

2) We  are  the  Named  Fiduciary,  the  highest  level  of  possible  responsibility  outsourcing  

3) We  allow  you  to  run  your  re&rement  plan  like  your  other  employee  benefits  

Questions?