Fiduciary Services
We help you provide high-quality retirement plans for your employees.
We follow a disciplined process that ensures your plan is operating within the latest fiduciary guidelines. As fiduciaries, you may elect to engage with us at either a 3(38) or 3(21) level of service. We have established consistent processes specific to the retirement plans space that allow us to confidently take on this risk.
Ongoing Support
We proactively work to assure your fund lineup is monitored to remain competitive, your expenses are benchmarked and renegotiated, and your employees are educated and informed.
Timely Updates
We keep you updated on ongoing legislative and industry trends while offering your employees valuable education and timely communication to address their financial wellness needs.
Administrative and
Compliance Services
Spend more time bringing your vision for your business to life.
At HUB we have our own internal Third-Party Administration (TPA) department that can assist with all matters regarding plan administration and compliance. We do not require clients to use us for these services, but we want you to know that we have this expertise in-house, so if any problems arise, we have the depth to help you in every situation.
These services include but are not limited to:
Administration:
- Plan Design
- Plan Documents
- Plan Amendments
- Summary Plan Description
- Participant Notices
- Loan Administration
- All Distributions
- Participant 1099s
Compliance:
- Annual Compliance Testing
- Corrective Contribution Calculations
- Compliance Resolution Advice
- Audit Assistance
- Form 5500 Preparation
You can consider us an extension of your HR department. We will simplify the management of your plan and allow you more time to focus on other aspects of your business. Let us take care of your administrative tasks so you can more effectively manage and grow your business.