Customized Plan Design
No two 401(k) plans are exactly alike. Therefore, no two plans should be forced into the same plan design. Some 401(k) plans are focused on the lowest cost burden to the sponsoring company while others are focused on the lowest cost burden to the participants. Still other plans seek to allow the owners of the business to maximize personal contributions and investment flexibility while taking on varying degrees of fiduciary responsibility. Therefore, Ancora's 401(k) plan design process starts with a goals and objectives assessment and ends with a plan design and investment policy statement ("IPS") tailored to your specific company needs.