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![]() The Full Service Option Pension Systems Corporation provides affordable plans
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[topic 1]
Pension Systems Corporation (PSC) has been a trailblazer in the 401k industry for decades, concentrating on the largely-ignored 401k needs of small and mid-sized companies. PSC has created an affordable line of full-service plans called the 401k Solution that rank among the most popular plans in the nation among participants.
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![]() [topic 2] Quality + Flexibility + Affordability = PSC's 401k Solution (and that's not the typical full-service equation!) Quality Administration Flexible Plan
Affordable Service
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![]() [topic 3] PSC Full Service 401ks vs. 401(k) Easy Run-It-Yourself 401ks: Similarities and Differences There are many similarities between 401(k) Easy run-it-yourself 401k plans and PSC 401k Solution full-service plans. In fact, 401(k) Easy was largely developed from the "what works and what works best" successes of the 401k Solution. The main differences between the two administrative arrangements are who does the work, investment choice (although only to a small extent) and, of course, price. Both types of plans come with multiple pricing-investment approach configurations. Both types of plans offer discounts for using load mutual fund investments (see 401(k) Easy's pricing section for details).
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Labor: |
You do the monthly data processing and interaction with the investment house yourself -- but you've got 401(k) Easy to handle most of the work for you! |
NOT the same |
PSC does all the monthly data processing and interaction with the mutual fund companies. |
Cost: |
You save 50% or more off PSC's already low prices when you handle the administration in-house. |
NOT the same |
Costs about 50% to 60% more than the run-it-yourself approach for PSC to handle your plan's administration -- but less than half of what you'd typically pay for a full-service plan! |
Plan Design: |
You decide on the options and parameters you want for your plan. There's never an extra charge for including or excluding any (matching contributions, loans, etc.) |
same |
You decide on the options and parameters you want for your plan. There's never an extra charge for including or excluding any (matching contributions, loans, etc.) |
Employer Contributions: |
Optional. No extra charge for including or excluding employer contributions. All popular matching contribution formulas and vesting formulas allowed. |
same |
Optional. No extra charge for including or excluding employer contributions. All popular matching contribution formulas and vesting formulas allowed. |
Minimum Plan Size: |
No minimum plan size. |
same |
No minimum plan size. |
Investments (type): |
Self-directed brokerage accounts and/or no-load mutual funds are available. |
NOT the same |
Self-directed brokerage accounts and/or no-load or Class A, Class B and Class C mutual funds are available. |
Participant Statements: |
Plan participants receive independent MONTHLY 401k account statements from 401(k) Easy AND the mutual fund holding each participant's individual account. Statements are mailed to home addresses upon request. |
same |
Plan participants receive independent MONTHLY 401k account statements from PSC AND the mutual fund holding each participant's individual account. Statements are mailed to home addresses upon request. |
Compliance Testing: |
MONTHLY ADP, ACP, and top-heavy testing based upon actual or projected wages and contributions, as appropriate. |
same |
MONTHLY ADP, ACP, and top-heavy testing based upon actual or projected wages and contributions, as appropriate. |
Trustee Fees: |
NO TRUSTEE FEES. 401(k) Easy plans are employer-trusteed. |
same |
NO TRUSTEE FEES. 401k Solution plans are employer-trusteed. |
Asset Security: |
You retain full asset control at all times. No third party ever takes constructive receipt of money your plan's Trust account to the designated mutual funds. |
same |
You retain full asset control at all times. No third party ever takes constructive receipt of money headed for your participants' accounts. PSC does all the paper work, then instructs you as to the amount to forward DIRECTLY from your plan's Trust account to the designated mutual funds. |
Automatic Enrollment: |
Optional. No extra charge for including or excluding. You choose default investment choice and contribution rate. |
same |
Optional. No extra charge for including or excluding. You choose default investment choice and contribution rate. |
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![]() [topic 4] PSC Full-Service 401k Plan Pricing PSC's full-service plans are very reasonably priced -- they're pricing is well below the national average for full-service plans (not to be confused with 401(k) Easy run-it-yourself plans, which cost of fraction of ANY full-service plan). For instance:
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![]() [topic 5] Converting Existing 401k Plans Is Quick and Affordable PSC can convert your existing 401k plan into an affordable, flexible 401k Solution full-service plan in a matter of days.
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![]() [topic 6] PSC Handles All Types of Retirement Plans, Including 403b Plans and IRAs 403b plans for non-profit organizations. SEPs for self-employed people. The federal government has created several tax-deferred retirement savings vehicles, and PSC offers all the most popular ones.
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![]() [topic 8] For More Information... Contact PSC by calling (800) 595-4015 or sending an e-mail to questions@401k-easy.com with a note requesting that we have a 401k Solution representative contact you. |