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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. 




Bundled, or so called "turn key" 401(k) plans, while seemingly convenient, often fall well short in the design area due to a one size fits all mentality. Ancora 401(k) plans solve this problem by offering the cost competitiveness of "bundled" 401(k) solutions with open architecture 401(k) plans customized around each client's unique design needs.

For more information on Ancora's 401(k) solutions, please contact Peter Mooney, President, Retirement Plan Services,, 216-593-5095 or Bill Koenig, Director, Retirement Plan Services,, 216-593-5093.

About Ancora Retirement Plan Services

Founded in 2001, Source Companies, LLC became an Ancora subsidiary in 2008 in order to capitalize on the opportunities in the rapidly expanding 401(k) marketplace and has been rebranded Ancora Retirement Plan Services. Through Ancora's increased distribution capabilities, Ancora Retirement Plan Services has been able to leverage its deep retirement plan experience to become a fast growing retirement plan services company focused on open architecture 401(k) plans. Staffed with in-house sales, service and plan design specialists, Ancora Retirement Plan Services is uniquely positioned to offer a superior 401(k) experience to its clients. 

Ancora's Retirement Plan Services division provides retirement planning services and solutions through its subsidiary Safeguard Securities, Inc. Safeguard Securities, Inc. is dual registrant broker dealer, member FINRA/SIPC, and an SEC Registered Investment Advisor. A more detailed description of the company, its management and practices can be found by clicking here for its Firm Brochure, Form ADV Part 2A.