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Are You Partnering with the 401(k) Leader?

Get your assessment started:

Are you and your employees paying too much for your 401(k) plan? Many people are surprised that 401(k) fees have come down. It’s time for a side-by-side comparison, conducted by 401(k) experts, who can demonstrate potential savings versus your current plan.

  • Step 1: Locate your fee disclosure document

    Use the instructions below to find your fee disclosure document then download it.

  • Step 2: Complete the form

    Complete this short form and upload fee disclosure document.

  • Step 3: Confidentially reviewed

    Your documents will be securely and confidentially reviewed by our 401(k) experts. You will receive a no-obligation assessment of your current fees versus what you could be saving with Paychex.

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How to Access Your Fee Disclosure Document

Select your current 401(k) provider from the list. Each drop-down offers detailed directions for finding the document based your provider.

ADP
  • Log in at www.mykplan.com/sponsor  
  • Hover over the Resources tab on the left side of screen
  • Click Plan Information 
  • Click Fee Disclosure. Clients may need to call ADP service for 408(b)2

How to obtain the Adoption Agreement

  • Log into the website and select Plan Information from the resources tab
  • Select Plan Documents
  • Select Document Restatement
  • Select Signed PPA Restatement — this will produce the full Adoption Agreement
American Funds

Log into Plan Summary landing page at https://www.myplanrs.com/tf/myPLAN/Welcome?cz=3000518

To obtain the Participant Fee Disclosure:

  • From the Plan Summary landing page, click on the Fee Disclosure link under Fee Disclosure Information on the right
  • Then download the Participant Fee Disclosure under Documents

To obtain a Plan Asset Statement by fund:

From the Plan Summary landing page click on Financials from the plan dropdown tab

 

Ascensus
  • Go to https://mybusiness.ascensus.com
  • Log in on the right with username and password
  • The next screen will show book of business at the bottom; select the plan and the Plan Details link 

(make sure screen allows pop‐ups)

  • On the Dashboard Screen on the right side of the page, find View Fee Disclosures 
  • After clicking on link will bring you to sponsor and participant documents.
Empower
Fidelity
  • Go to https://plansponsorservices110.fidelity.com/plansponsor/pswmain/homepage.psw
  • Click on the 3rd tab labeled Administrator Plans 
  • From the dropdown list, select DC, under Plan History you will get the Statement of Assets 
  • On the same tab, select Compliance, and then you will find Plan Documents ‐ Adoption Agreement
  • For the 408(b)(2) Disclosure Documents – you need to speak to your Client Manager or you can Open a Service Request by following these steps:
    • Hover over Working with Fidelity, select Open a Service Request
    • Open a General Inquiry Service Request at bottom of window
    • Under Select an Area for your Inquiry select Other
    • Under Indicate what your request is about select Other
    • Enter in, “408(b)(2) plan fee disclosure request”
John Hancock
  • Log onto Plan Sponsor Site at https://www.johnhancock.com/plan-sponsors.html
  • Hover over the Your Resources tab, then click Regulatory Disclosures
  • Click on Updates to 408(b)(2) disclosures
  • Fee Disclosure will open in new window, select Print Report
Lincoln Financial

Lincoln doesn’t provide the 408(b) (2) on the website, but they do provide the participant fee disclosure which lists all associated plan fees. Obtain this, with a Plan Asset Statement by fund.

For the Participant Fee Disclosure:

For the Plan Asset Statement:

  • On the Home Page, click Balance Details, then print the Plan Balance Detail page
Mass Mutual
Nationwide

Nationwide doesn’t provide the 408(b) (2) on the website, but they do provide the participant fee disclosure which lists all associated plan fees. You can obtain this with a Plan Asset Statement by fund.

For the Participant Fee Disclosure:

OneAmerica/AUL

AUL doesn’t provide the 408(b) (2) on the website, but they do provide the participant fee disclosure which lists all associated plan fees. You can obtain this with a Plan Asset Statement by fund.

For the Participant Fee Disclosure:

For the Plan Asset Statement:

  • On the Account Detail page, click Print
Principal
Transamerica
  • Go to https://trsretire.com/index.jsp
  • Select Plan Information on left tool bar, then click Document Center from drop down 
  • Select the Notices & Communications tab
  • Click Fee Disclosure 408(b)(2) from drop down

To pull a plan asset statement:

Simply download the Summary of plan assets on the main Plan Information Tab

Voya

Why Partner with Paychex?

As the #1 recordkeeper in the U.S. for seven years in a row*, our proven 401(k) solutions can help ease your administrative tasks, offer choice and flexibility with plan options, and provide superior service every step of the way.

  • Reduce compliance risk

    We’ll provide you with a signature-ready Form 5500, as well as processing for Form 8955-SSA, Form 945, Form 1099-R, quarterly compliance testing, and required disclosures.

  • Increased data accuracy

    Integrate your 401(k) plan with Paychex payroll to use a single employee record across all our services.

  • Fee transparency

    With our Return of Concessions feature, you can rest assured that we act in the best interests of the plan participants.

  • Investment-neutral, client-centric

    With access to over 9,500 investment options, you’re free to choose what’s best for your participants. We have no proprietary investment requirements, ever. On your team. Have a trusted financial advisor? We’re more than happy to work with them

  • Support you can trust

    From plan design, to onboarding, to ongoing plan administration, we’re here to help you through the life of your plan.

  • Time-saving technology

    Manage your plan whenever and wherever you need, no matter how you like to work – mobile, online, or on the phone with a live, U.S.-based retirement specialist.

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