A 401k Retirement Plan

A 401k program is highly visible and a valuable employee benefit. A successful plan has two characteristics: 1) a high rate of participation and 2) an average employee saving rate of 4.00% or more.

Two key factors influencing the participation rate and the saving rate are the design of the plan and communication to eligible employees.

KENSINGTON feels that you, the employer, should derive as much benefit from providing a 401(k) program as you possibly can without increasing your liability as a Plan Fiduciary. That is why we provide you with more value by shifting liability from you by providing compliance with 404(c). 404(c) is the ERISA provision that allows the Plan Sponsor to shift liability for Plan investments by complying with certain regulations.

We carefully review your objectives, keeping in mind both the employer's needs and employee demographics, before recommending either product or investment ideas. Factors such as the type of business, its profitability, the age, education, and compensation of employees are factors that need consideration and affect the success of a plan.

Even the best-designed plans can fail if poorly communicated. We take the time to provide your employees with quality enrollment materials and presentations, including one-on-one if needed. We have consistently achieved desirable savings and participation rates.

Another key to plan success is the availability of quality investment options. To optimize participant satisfaction Kensington helps the employer select from over 6000+ no-load and load-waived funds and then monitors fund performance providing written investment advice to both the participant and employer.

A Sucessful 401(k) Retierement Plan
401(k) Retirement Plan Advantages
What Is Required To Avoid Liability
Kensington Makes Compliance Easy