Our expertise and consultative services help large 401(k) plan sponsors understand and get the most value from their “bundled” 401(k) plan.
A “bundled” plan means that two or more 401(k) plan services are provided by the same company, usually an investment or insurance firm. These bundled services might include:
The bundled provider is usually very good at delivering services to the plan participants through the effective use of technology. However, the provider may not be able to provide human resources practitioners or financial officers with the service they need to answer complex compliance questions or to administer the plan on a daily basis. Many plan sponsors often find themselves asking the following questions.
Bundled providers often provide service to their plan sponsors through the use of websites and toll-free telephone numbers instead of dedicated and experienced consultants. That’s where the Prime Retirement Solutions team can help. There is no need to change the bundled provider or the services they provide. We can simply work alongside the provider and provide our services directly to the plan sponsor.