401(k) for Businesses
As a small business employer, would you like to attract and retain the most talented employees available for your growing company?
Hennion & Walsh Asset Management Company recognizes the value of a well-constructed 401(k) plan. Accordingly, we are proud to offer Horizons 401(k). Horizons 401(k) combines Life-Cycle portfolios and self-directed investment options with custom plan design, record keeping and reporting services in one convenient turnkey package.
Whether you are just considering offering a Plan for the first time, or converting from an existing plan, we can help make the process as smooth as possible. Start by filling out the brief Information Request. We will promptly forward you a descriptive product brochure and a Hennion & Walsh representative will follow-up shortly thereafter. Get started today.
Our 401(k) Program includes full administration services provided by a selected third party administrator. Our program’s fees are very competitive. The following is a list of services that is typically included in our employer retirement plan packages:
- Annual discrimination testing
- 5500 filing
- Optional New Comparability allocation formula
- Daily valuation via toll free phone number and internet
- Timely reporting
- Discretionary match and/or profit sharing
- Timely updates on regulations pertaining to your plan
Your Plan is designed with your company’s goals in mind. Although our Program is referred to as Horizons 401(k), the basic fundamentals can work with other Plan structures as well. Please see Types of Plans for a description of some of these structures. The ultimate Plan that is implemented can help you to both attract and retain the most talented employees for your company. It can also give the owners and long-term employees a way to maximize their tax-deferred savings. Your Plan can quickly benefit your company in tax savings and improved employee retention. And most importantly, it is easy to use.
This summary of Plan Specifications should give you a good overview of how easy this plan can be to maintain if so desired.
- Flexible eligibility
- Quarterly entry dates
- Online investment changes
- Discretionary match and/or employer contribution
- Hardship distributions allowed
- Loans allowed
- 401(a) for Non-Profits
- 401(k) Safe Harbor
- 401(k) Automatic Deferral
- How do 403(b) plans compare to 401(k)s?
- 457(b) FICA Alternative
- Profit Sharing Plan
- Money Purchase Plan
- Simple IRA
- SEP IRA
- 125 Cafeteria Plans
The Horizons 401(k) makes the investment decision for your participants less complicated. Participants can select from one of five Life-Cycle models available or they can make their own allocation decision into an array of mutual funds. Our Program permits your advisor at Hennion & Walsh to help select which mutual funds will be made available for investing through your plan.
The five Life-Cycle models, which provide the benefits of a managed account within a 401(k) plan, available include:
- Low Risk Model
- Conservative Risk Model
- Moderate Risk Model
- Growth Model
- Enhanced Growth Model
Your advisor at Hennion & Walsh will help your employees understand their employer-sponsored Plan and the investment options available to them. Your advisor at Hennion & Walsh will work with you to develop and conduct enrollment meetings and educational seminars.
An important aspect of building the right 401(k) that is often overlooked is flexibility and choice. We work closely with you and your participants to help develop options within the 401(k) Plan that fit specific risk tolerance levels and time horizons.
Contact us today to see how Hennion & Walsh will work with you to give your business the edge.