Ascensus CoPilot 3(38) Individual(k) featuring American Funds
This Individual(k) is a simple, cost-effective solution that eases the administrative burden of managing a retirement plan. It offers some of the same benefits of a traditional 401(k) but is specifically designed to meet the unique needs of owner-only businesses.
- This solution is designed for owner-only businesses, partnerships, and C and S corporations whose only employees or shareholders are the owners, partners, or shareholders and their spouses.
- Newport Group Consulting is the 3(38) investment manager and fiduciary, and has developed a streamlined menu of investment options that includes American Funds.
- Integrated trust and custody services make managing compliance easier for you.
- Online setup and enrollment makes participating easier for employees.
Ascensus | American Funds Pooled Employer Plan
A pooled employer plan (PEP) enables employers of all sizes to join together for efficiency and cost savings. It can help alleviate the challenges of managing an employer-sponsored retirement plan, including administrative requirements and fiduciary oversight.
- Newport Group, Inc., an Ascensus company, is the 402(a) named fiduciary and the 3(16) administrative fiduciary.
- Wilshire acts as the discretionary 3(38) investment manager and has developed a streamlined menu of investment options to include the American Funds Target Date Retirement Series®, a personalized target date service.
- Integrated managed account services and a financial wellness program are available for participants.
- Payroll contribution tracking and integration make payroll processing simpler for you.
Disclaimer:
Ascensus, LLC and Newport are affiliated entities that provide administrative and recordkeeping services and are not broker-dealers or investment advisors, and do not provide tax, legal, accounting, or investment advice.
