Recordkeeping of a 401(k) plan involves the bookkeeping of the plan, to include the daily execution of trade orders, allocation of assets to participants, and account reconciliation. Our services include:

  • Furnish 24 x 7 Sponsor and Participant website account access
  • Open Architecture design, with thousands of mutual funds available
  • Process Sponsor contributions
  • Maintain investments as directed by RIA
  • Prepare and furnish participant quarterly statements
  • Processing for distributions and loans
  • Preparation of required forms and notices not prepared as Administrator (e.g. QDIA Notice, 404(a)(5) Participant Fee disclosure, 408(b)(2) Sponsor Disclosure, Beneficiary Designation Form)
  • Maintenance of WorkerServices employer communication website

We choose to bundle our 401(k) Recordkeeping and Administration services together. By doing this, we’re able to prevent items from slipping between the cracks that can happen when data moves between entities.