Working Together for You

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.

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.