Business and Supplier Council Members of The American Small Business Chamber of Commerce are eligible to join SmartRETIRE 401k to save on the costs and administration of a flexible, quality 401(k) while accessing institutional level investments provided by Morningstar Managed Plan Solutions.
Whether you are seeking to add a 401(k) to your business or would like to convert an existing plan to SmartRETIRE 401k, we're here to help.
We're Leveling the Playing Field
The U.S. Small Business Administration reports that small businesses face significantly higher costs when implementing and administering 401k plans. Consequently, a lower percentage of small business employers have 401(k) plans for their businesses than their big-business counterparts. This disparity can have very serious consequences for small business owners.
A 401(k) plan is a vital tool that helps businesses recruit and retain quality employees, grow competitively, lower taxable income, and invest tax-deferred savings to build retirement income assets for both the business owners and employees.
Seizing the opportunity to help our small business members become more competivive and gain access to the powerful tax savings achieved through a quality 401(k) plan, The American Small Business Chamber of Commerce leveraged our scale and market position to empower our Business and Supplier Council Members to join the SmartRETIRE 401k.
SmartRETIRE 401k is a “Multiple Employer Plan” 401(k) -- a strong and smart solution that empowers multiple small businesses to individually adopt into a single 401(k) plan thereby achieving great financial and administrative savings and risk transfer.
We Start With Top-Tier, Independent Investment Management
At the heart of any 401(k) plan should be a strong,
independent retirement savings investment management. We work hard for
our money, and when we make the smart decision to establish a 401(k)
retirement savings plan for our business and our employees -- our goal is to
ensure our tax-deferred, investment portfolio is sound, growing and
compounding over time in a way that keeps our asset management fees low and
maximizes our returns.
Morningstar (MIS): One of the Most Trusted,
Independent Investment Management Services
To assure our
plan participants have access to quality, transparent, conflict of interest
free investments, we selected Morningstar (MIS) to serve as the investment
service provider for our plan. Morningstar’s (MIS) independence and trusted
position in the marketplace matches our own strong independence and trusted
position with our members.
Independent. Morningstar (MIS) is fully
independent from the funds they select for our plan.
investments with investing style options. Morningstar (MIS) investment
selections are rigorously monitored. Both passive ETFs and active mutual
fund investments are available in our plan.
assistance for all participants. Morningstar provides valuable and ongoing
assistance for plan participants through online tools that assist
participants in appropriate portfolio selection. Our support team provides one-on-one assistance for participants whenever requested to
assure you always have the support you need.
Reporting. Morningstar (MIS) provides ongoing investment review, portfolio
analysis and reporting.
SmartRETIRE 401k is Affordable Without Sacrificing Quality
Because SmartRETIRE 401k is administered at the master plan level,
individual adopting employers benefit from administrative efficiencies that
bring real cost savings without sacrificing the quality of the plan,
support, education or investments..
very proud to provide the SmartRETIRE 401k at such affordable pricing for
our Business and Supplier Council members. The low Adoption and monthly Administrative Fees deliver real
affordability for business owners. And, the very low Participant Fees assure
that your retirement savings investments have the maximum potential for
*What does Basis Point - bps mean? The financial industry
commonly uses “basis points” to denote a rate change in a financial
instrument. A basis point is a unit equal to 1/100th of a percentage point.
For example, 60 bps = .60%.
Setup and annual administration fees may
be eligible for a tax credit. Consult your accountant or tax advisor for
additional details. Additional fees apply when electing certain contribution
calculations, ad hoc compliance services, and transactions such as
participant loans and distributions. **Weighted expense ratio fees for the
ETF investment option average 16 bps. Weighted expense ratio fees for the
Mutual Fund investment option after fund revenue offsets average 79 bps.