Overview. For general inquiries regarding 401 (k) plans or our plan services, use this form or call us toll-free at 877.401.5100. For maps and directions to Employee Fiduciary Llc view the map to the right. (Nonetheless, a directed trustee still must confirm that any directions received are consistent with the plan documents and ERISA; if they are not, the trustee should inform the fiduciary … App.–Houston [14th Dist.] Employee Fiduciary offers affordable 401(k) recordkeeping and third party administration, and has a variety of investment options for plan sponsors to choose from. We at EFS, go the distance to give you optimum returns. It’s our goal to make retirement as affordable as possible for you and your employees while protecting your company from fiduciary liability. Employee Fiduciary, LLC, founded in 2004, is a 401k plan provider for small businesses headquartered in Mobile, AL. Complete this form to receive a low-cost retirement plan proposal from Employee Fiduciary. 2017, no pet. Non-affiliates: Companies not related by common ownership or control. We help all businesses from startups to large corporations to navigate the complex landscape of setting up and maintaining an effective Employer Sponsored Retirement Plan. Our company has been profiled in Money magazine and is a leading provider of low-cost 401(k) plans to small and mid-sized businesses. Mobile, AL 36603-6474. http://employeefiduciary.com. Employee Fiduciary, LLC announces the release of a small business 401(k) fee study designed to help fiduciaries benchmark their plan fees. Our affiliates include Employee Fiduciary Retirement Plan Services, LLC. Joint marketing Employee Fiduciary is a privately-owned business based out of Alabama. The company has approximately 75,000 clients, covering 2,700 plans with a total asset value of $2.8 billion. These duties include a duty of loyalty, a duty of care, a duty to refrain from competing with the company, and a duty to act fairly in dealing with the company. A fiduciary is anyone who makes decisions about plan operations, including its management or the disposition of its assets. Employee Fiduciary 401 (k) Fees are Low and 100% Transparent. Over 70% of all businesses in the United States are sole proprietorships. Print; Form 5500 Year: 2019. Choose any mutual fund or ETF you want - including index funds from Vanguard and Fidelity - without limitation or mark-up! Prudent Fiduciary Services, LLC | 35 followers on LinkedIn. Overview Financials Service Providers Investments Insurance Information. A free inside look at company reviews and salaries posted anonymously by employees. EMPLOYEE FIDUCIARY, LLC January 2019 – Present 9 months. Employee Fiduciary, founded in 2004, is a 401 (k) plan provider for small businesses. It is therefore important to understand if an employee is a fiduciary employee both during employment as well as upon termination. EMPLOYEE FIDUCIARY, LLC is a company based out of P.O. 2019; 2018; 2017; 2016; 2015; 2014; 2013; 2012; Plan Rating. Employee Fiduciary is proud to offer low cost 401 (k) plans for small businesses. The Registered Agent on file for this company is Carpenter, Gregory C and is located at 1100-B Dauphin Street, Mobile, AL 36604. With 8 employees and $552,705.91 in plan assets, this #401k sponsor saved 75.17% by switching from #Paychex to #EmployeeFiduciary. The company's filing status is listed as Exists and its File Number is 034-749. Employee Fiduciary, LLC 401K Plan is a defined contribution plan with a profit-sharing component and 401k feature. As a result of this statutory change, a member who takes managerial actions (e.g., having a say in decisions regarding a company's policies, products, employees or business) or otherwise exercises managerial authority that is vested in the managers under the Illinois LLC Act is subject to the fiduciary duties set forth in Section 15-3 of the statute. Learn how much your provider is really charging you with our free fee comparison service. We keep them straightforward so our value is clear. These duties of trust, otherwise known as fiduciary duties, ensure all members or managers of an LLC are promoting the interest of the LLC above their own. Employee Fiduciary provides retirement plan recordkeeping and administration. Quarterly participant benefits statements are posted on-line within 15 business days of quarter-end. Design a 401(k) Plan Like a Pro in 6 Steps, How to Lobby Your Employer for a Better 401(k) Plan, The Benefits of a 401(k) Plan for Employers and Employees. If requested, Employee Fiduciary will also mail statements directly to participants, for an additional fee of $1.50 per statement mailed. Business Profile. Our team of experienced professionals are ready and waiting to help you and your employees reach your financial goals. . Retirement plans from Employee Fiduciary offer small businesses the same low fees, quality service and investment choice as plans sponsored by our country’s largest corporations. As a sole proprietor, you are entitled to 100% of the profits. Keep more of your hard-earned savings with our low fees! Service provider fees and investment expenses (‘all-in’ fees) of 121 401k plans with less than $2M in assets were studied. *Update 1: In Eurecat US, Inc. v. Marklund, 527 S.W.3d 367, 380-81 (Tex. Employee Fiduciary, LLC is a professional services firm experiencing rapid growth. The company also offers more than 30,000 mutual funds, mainly targeted to small business clients and participants. Mobile, Alabama Area Employee Fiduciary, LLC 401K Plan. Employee Fiduciary is a low-cost 401(k) provider for small and medium-sized businesses. Apply to Trustee, Counsel, Associate and more! They can be financial and nonfinancial companies. 1,919 Employee Fiduciary jobs available on Indeed.com. Good 401(k) plan design matches plan specifi cations to employer goals and employee demographics. It’s our goal to make retirement as affordable as possible for you and your employees while protecting your company from fiduciary liability. Employee Fiduciary is currently seeking a Senior New Business Analyst for our New Business department. Thus, a directed trustee is not acting as a fiduciary because it is not making the decision. Print; Form 5500 Year: 2014. Senior Client Service Representative Auto Injury Solutions October 2017 – December 2018 1 year 3 months. See the fee comparison here: https://hubs.ly/H0JP4jt0. “ As an independent fiduciary, Receivership Management can resolve claims for participating employers and employees in the Medova arrangement and will oversee the plans’ assets and claims – helping to ensure plan participants receive the benefits due to them,” said Acting Assistant Secretary for Employee Benefits Security Ali Khawar. Email this Business. Texas LLC Law – Breach of Fiduciary Duty. Fill out this form and we will get back to you shortly! Retirement Planning Services. Employee Fiduciary, LLC is an Alabama Domestic Limited-Liability Company filed On December 27, 2011. Overview Financials Service Providers Investments Insurance Information. They can be contacted via phone at (251) 300-8639 for pricing, hours and directions. Using our wealth management product suite, we evaluate and... Jump to. Employee Fiduciary does not share with non-affiliates so they can market to you. Employee Fiduciary, LLC January 2014 – Present 5 years 11 months. 61 likes. Employee Fiduciary provides top quality, low-cost 401k plans & 401(k) TPA services to small businesses in the U.S. 401(k) Plans for Small Businesses with Employee Fiduciary Contact Us 4 Employee Fiduciary reviews. However, any external managers that operate the LLC must comply with these fiduciary obligations. Aegis Fiduciary Services, LLC | 30 followers on LinkedIn. The LLC Act establishes default fiduciary duty standards of conduct (the fiduciary duties of care and loyalty) which may be strengthened, weakened or in some cases eliminated in . This in turn creates corresponding duties owed by the fiduciary that go over and above those normally owed by an employee to an employer. Overview. Service provider fees and investment expenses (‘all-in’ fees) of 102 401(k) plans with less than $5 million in assets were studied. 2017; 2016; 2015; 2014; 2013; 2012; Plan Rating. A sole proprietorship is an unincorporated business that is owned and operated by a single individual. Elite Fiduciary Services. A fiduciary employee is an employee trusted with a measure of responsibility by their employer. Retirement Fiduciary Group strives to create successful retirement plan outcomes for Plan Sponsors and Plan Participants. Employee Fiduciary, LLC 401K Plan. In this instance, LLC owners who do not manage the LLC normally do not owe the fiduciary duties to each other. Each client is assigned a dedicated relationship manager for trusted and timely care. Employee Fiduciary, LLC. Aegis Fiduciary Services, LLC offers trustee services to privately-held companies that sponsor employee stock ownership plans (“ESOPs”). Employee Fiduciary Llc is located at the address 308 Saint Louis St in Mobile, Alabama 36602. LLC owners may decide to delegate their duties to direct their LLC to an outside manager who may be one of the LLC members or a non-owner of the LLC. Employer goals for a … For reviews of Employee Fiduciary Llc see below. Fiduciaries can also be people who render investment advice for a fee. Employee Fiduciary, LLC. Employee Fiduciary, LLC announces the release of a small business 401k fee study designed to help fiduciaries benchmark their plan fees. Kentucky’s courts could impose additional fiduciary duties beyond those explicitly provided for in the LLC Act. Employee Fiduciary, LLC 250 State Street • Mobile, AL 36603 • 877-401-5100 • 251-436-0800 There is no such thing as “one size fi ts all” 401(k) retirement plan. No call centers here! BOX 3144, MOBILE, Alabama, United States. In an ESOP transaction, some or all of the owners of a company individually decide to sell some or all of their stock to the company’s employees through a to-be-formed ESOP. That means our fees don’t just start low, they stay low – regardless of your 401(k) plan’s future growth. 250 State St. August 3, 2015 / By Robert Wood Articles // Breach of Fiduciary Duty in Texas. The average all-in fee for these plans was 2.10%, while the average service provider fee was $603.86 per participant. An ESOP is required by the Employee Retirement Income Security Act of 1974 (ERISA) to have a … Learn More. Plan Information. Employee Fiduciary, LLC 401K Plan currently has over 100 active participants and over $2.1M in plan assets. Plan Information. It is focused solely on providing retirement plans. The company was founded in 2004, and has carved out a niche serving small businesses looking to offer retirement plans at an affordable … To achieve this goal, we charge low, fully-transparent 401(k) fees that are based on participant headcount, not plan assets, to the extent possible. Specializing in Trustee Services to privately held companies wishing to sponsor Employee Stock Ownership Plans (ESOPS) | Aegis provide trustee services to privately held companies wishing to sponsor Employee Stock Ownership Plans. They're transparent and based on employee count, not assets. Happy #FeeDisclosureFriday! The average all-in fee for these plans – delivered by 22 different service providers – was 2.22%. Employees save for their future and Employers retain a solid workforce. Page 2 an LLC’s operating agreement.
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