Working Together for You
Castle Rock PEP is offered in partnership with Slavic401k. Together, we have created a retirement plan that levels the playing field between enterprise and small business.
Plan Administration
Outsourced
In most retirement plans, the employer typically holds the plan sponsor role, which carries all administrative, fiduciary and investment duties. This can be challenging, as many employers are simply not set up with the infrastructure to handle the responsibility. Often, it is also cost-prohibitive. The average cost for a 401(k) audit typically ranges from $12,000 to $18,000 every year for plans with over 100 participants. That fee is paid by Slavic401k for employers that adopt Castle Rock PEP.
Imagine If...
We pooled together
Castle Rock PEP was designed with every size employer in mind. The plan sponsor role is outsourced. This is a huge benefit to employers as our partnership with Slavic401k takes most administrative duties off of your plate. Further, by pooling together with other employers, costs are lowered by negotiating services and fees on the collective behalf. This is a win-win for employers AND employees.
But don't stress. With the Castle Rock Pooled Employer Plan (PEP), you can:
-
Scale
Join forces with other businesses
-
Compete
Get access to better investments and services
-
Save Time
Outsource plan administration
-
Support Your Team--and Your Future Self
Select tailored plan provisions to attract and retain your team
-
Save Money
Do you pay for an audit every year? Join Castle Rock PEP and that invoice is paid by Slavic401k
Download our Free Guide
Why Castle Rock PEP is Different
This isn't just a retirement plan. When you join Castle Rock PEP, you get:
- Personalized investment advice
- Free financial planning software
- Community spotlights to promote your business
- Human support--from a firm led by a woman who's been advising workplace retirement plans for over two decades
Success Stories
Real Results from Real Clients
"The experience has been outstanding. The plan investment options are numerous, their financial guidance on-the-spot, and the many tax benefits are all needed and welcomed."
"Our employees' financial health is strong due to the quality investment choices and low costs they put in place. Highly recommend Castle Rock Investment Company."
"Castle Rock helped us select a Pooled Employer Plan as the best course of action for our small organization, and helped us get it up and running quickly."
Fee & Expense Information
Plan fees include a fixed administration fee and an asset-based fee. The fixed administration fee is billed quarterly in advance and is not pro-rated. It can be paid directly by the employer or from participant accounts.
Participant Count
0-50
51-100
101 & Above
Quarterly Fixed Fee
$8.75
$7.50
$6.25
Breakdown of annual asset-based fees
The asset-based fee is charged pro-rata to participant accounts and is determined by the total assets in each adopting employer's plan.
For example, if the adopting employer's plan assets are $1,000,001, each account will be assessed .55% annually (0.40% to Slavic + 0.15% to Castle Rock). The fees are deducted quarterly in arrears.
Adopting Employer 401(k) Plan Assets
$0-$250,000
$250,001-$500,000
$500,001-$1,000,000
$1,000,001-$2,000,000
$2,000,001-$5,000,000
Over $5,000,000
Slavic Recordkeeping and Administrative Fee
0.70%
0.65%
0.50%
0.40%
0.30%
0.25%
Castle Rock Investment Advisory Fee
0.25%
0.20%
0.18%
0.15%
0.12%
0.10%
Example of Employer with 150 Employees
Note- There is no audit cost. There is one audit of the PEP and that cost is paid by Slavic401k.
|
Paid by Employer or Employee |
|
|
Plan Assets |
Slavic401k and Castle Rock |
|
$50,000 |
$4,225 |
|
$500,000 |
$8,000 |
|
$1,000,000 |
$10,550 |
|
$3,000,000 |
$16,350 |
|
$6,000,000 |
$24,750 |
|
$10,000,000 |
$38,750 |
|
$25,000,000 |
$91,250 |
Example: Employer with 10 Employees
|
Paid by Employer or Employee |
|
|
Plan Assets |
Slavic401k and Castle Rock |
|
$50,000 |
$825 |
|
$100,000 |
$1,300 |
|
$200,000 |
$2,250 |
|
$300,000 |
$2,900 |
|
$500,000 |
$3,750 |
|
$750,000 |
$5,450 |
|
$900,000 |
$6,470 |
|
$1,500,000 |
$8,600 |
|
$3,000,000 |
$12,950 |
|
$6,000,000 |
$21,350 |
Hi, I'm Michele Suriano.
I started Castle Rock Investment Company in 2006 because I believe every business deserves the same quality retirement as the big guys.
Now, with Castle Rock PEP, I help businesses of all sizes finally invest in their employees--without the complexity, stress, or jargon associated with being a fiduciary. Check out the Fiduciary Training course if you want to know what you don't want to know.
Qualifications and Designations
- FINRA examinations: Series 6, 7, 63, and 66
- Colorado insurance exams for life, health and variable annuities
- Thunderbird's Certificate in Fiduciary Governance
- Tax-Exempt & Governmental Plan Consultant
- Qualified Plan Financial Consultant
- Accredited Investment Fiduciary™
- CFP Registered Paraplanner
- Global Fiduciary Strategist
Awards and Quotes:
-
Adviser to two finalists for PLANSPONSOR of the Year (2013 and 2017)
-
Quoted in several industry trade publications
-
Panelist at national conferences
Education
Our values
Transparency. Honesty. Trust. Creative Solutions.
When you work with Castle Rock Investment Company, you can expect:
- No hidden fees: You will always know what you are paying for.
- No commissions: Our advice is unbiased and in your best interest.
- Innovative Solutions: We provide creative and effective retirement solutions tailored to your needs.
As Featured In City Lifestyle
Castle Rock Investment Company was featured in April's issue for managing the retirement investments in the pooled employer plan.