Don’t have the time or resources to offer a 401k?
With ConceptHR you do!
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Attract top talent and keep them
401KConceptHR offers a multiple employer 401(k) plan (MEP) through Transamerica which allows customization and retirement provisions for small or large employers, enticing new hires and increasing employee retention.
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It’s simple and easy to get started
Answer a few simple questions related to eligibility and tailored options to fit your business needs while relying on our team for compliance and administration.
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Lower Costs
Avoid the thousands in costs due to fees to a local advisor, brokerage/contracts fees and a Third Party Administrator. We save you time and money giving you a single source platform to mainstream the data flow between you and your plan administration.
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Compliance and Administration
ConceptHR handles all administrative duties so you don’t have to. From payroll processing, employee deferral changes, loan requests, distribution requests, and end of year testing, we have you covered.
Each year we are audited by an external CPA firm specializing in 401(k) to ensure all administrative functions are accurate and compliant with changing rules and regulations.
THE CONCEPTHR DIFFERENCE
- Payroll integration
- Lower client administration costs
- Maintain all reporting/testing (i.e. 5500 audit)
- Distribution processing
- Plan compliance
- Full plan administration