401(k) Solution

Our Wealthstreet 401(k) Solution

Our Wealthstreet 401(k) solution combines our unmatched personal service with professional money management and low-cost investment strategies to prepare participants for retirement. The Wealthstreet 401(k) is designed as a retirement plan solution for small- to mid-size companies.

Fiduciary Service

We serve as ERISA 3(38) investment manager to your plan.

We provide expertise in the area of investments, reducing the personal liability of the employer for selection and monitoring of the individual investments in the plan.

As the highest level of ERISA fiduciary, we have the duty to act prudently on behalf of the plan participants and their beneficiaries.

Investment Strategy

The plan utilizes Exchange Traded Funds (ETFs) to create diversified investment strategies with straightforward fees.

Our Wealthstreet Investment Team constructs five actively managed portfolios based on our market expertise and your participant's risk tolerance.

Additionally, we provide solutions for those participants who choose to select their own investments.

Fees & Expenses

Although investment costs are not the only determinant of performance, Wealthstreet believes they play an integral part in our fiduciary responsibilities.

We develop our investment options using all Exchange Traded Funds (ETFs) to provide your plan with reasonable pricing.

Administration & Recordkeeping

Wealthstreet works with third-party administrators(TPA) to walk you through a custom designed retirement plan to specifically address your company’s needs and goals for plan creation. Once implemented, the TPA works directly with your payroll/compliance department to ensure all ERISA and Department of Labor requirements are met.

Sponsor Tools & Support

– Experienced implementation specialists

How it helps: Assists you with the setup of plan design, adoption agreement and summary plan description, rollout, and administration.

As the retirement industry continues to evolve we make certain that your plan is optimizing all features necessary to provide plan participants and thecompany alike the best chance to succeed.

– Signature-ready Form 5500 for IRS reporting

How it helps: Easy reporting of annual 5500s

– Easy payroll module

How it helps: Makes paycheck management simple

– Online participant management

How it helps: Access to online adding and removing of participants to the plan

– Trust fund to hold the plan assets

How it helps: TD Ameritrade Trust serves as custodian to provide an extra layer of asset protection.

Employee Tools & Support

– Online reporting and transaction details

How it helps: Participants are able to see where their retirement is at any time

– Online retirement readiness tools

How it helps: Participants can forecast how much they need to save in order to reach their retirement goals

– Online loan & Distribution Request

How it helps: Participants can request loans and distributions online diminishing paperwork

– Employee Education

How it helps: Wealthstreet is on-site twice yearly and serves as a year-around resource to increase plan participation rates and employee financial awareness.

We educate and advise on the importance of participating in a retirement plan while helping the employee choose the appropriate investment options.

Our unique approach to participant education is offered in both English and Spanish.

– Traditional and Roth 401(k) options

How it helps: Maximize participant savings with different account types.