Axis™
Navigating the Road for You
FutureBenefits of America built Axis™ to minimize the hectic nature of managing 401(k) retirement plans. We handle the paperwork so you can spend more time wowing your employees and clients. Here are the ways we simplify the day-to-day requirements of any plan sponsor:
Typical Sponsor Duties |
 |
|---|---|
| Creating and maintaining a plan document | ✓ |
| Naming a Trustee for the plan | ✓ |
| Helping you acquire a Surety Bond | ✓ |
| Providing a Summary Plan Description for employees | ✓ |
| Maintaining Beneficiary Forms | ✓ |
| Provide Education Materials | ✓ |
| Monitoring Eligibility of employees to enter plan | ✓ |
| Salary Deferral Options Submitted | ✓ |
| Safe Harbor Notice if applicable | ✓ |
| Maintaining Participant accounts (Record Keeping) | ✓ |
| Participant Statement | ✓ |
| Contributions maintained within IRS limits | ✓ |
| Compliance Testing (i.e. ADP, Top Heavy, 410b) | ✓ |
| Participant Loans | ✓ |
| Terminations | ✓ |
| Hardships | ✓ |
| Qualified Domestic Relations Orders | ✓ |
| Minimum Distributions | ✓ |
| Rollovers | ✓ |
| Issuing 1099's for distributions | ✓ |
| Filing Government Form 5500 | ✓ |
| Plan Audit if Plan has over 100 participants | ✓ |
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Download Our What is an Open MEP? Guide for FREE
Are you providing your employees with the best retirement option?
In this Guide you’ll learn:
- The benefits of choosing Open MEPs vs. traditional 401(k)s
- How
open architecture investments are better for you and your employees - Why spreading out fiduciary responsibility is a good thing for everyone
