Safer Together

Unity 401(k) Plan offers a Fiduciary Umbrella where the Advisor and Pooled Plan Provider accept the majority of Fiduciary responsibility to protect employers.

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• ERISA 402(a) Fiduciary – transfers liability from Employer to the Pooled Plan Provider 

• ERISA 3(38) Fiduciary Advisor – removes Employer liability for investment selection and monitoring; creates and maintain Investment Policy Statement 

• ERISA 3(16) Fiduciary Administrator – removes Employer liability for plan administration  

• Eliminates Annual Form 5500 filings at individual plan level – no Employer signature required 

• Eliminates both Trustee Responsibility and Fidelity Bond requirement for Employers

• Employers only major responsibility is sending plan contributions in a timely manner and periodically monitoring the outside fiduciaries’ level of service and fees.  

Smarter Together

Unity 401(k) Plan makes your life easier by transferring the majority of your plan responsibilities to Providers, and removes the associated costs.

• Employee education meetings segregated by various phases in each participant’s life 

• Consistent benchmarking on the important aspects of the plan 

• Audits no longer required at individual plan level 

• Eliminates review and approval of all Plan withdrawals/QDROs by Employer

• Eliminates participant disclosure distribution by Employer

• Substantial Employer time freed up for other company needs