WHAT IS THE RETIREMENT PLAN EXCHANGE?

The Retirement Plan Exchange (the Exchange) is a solution for small- to mid-sized businesses that allow you to offer a retirement plan to your employees — the Utah Asphalt Pavement Association (UAPA) provides this as an additional benefit to our members. We designed the Exchange to reduce your administrative burden, transfer certain risks, and reduce the overall plan cost.

The Exchange brings together a team of professionals on your behalf so you can focus on what matters most.

WHAT’S THE COST?

PLAN SERVICE FEES
(Paid by Employer)

• One-time installation fee: $750
• Annual administration fee: $1,000
• Competitive asset-based fee: Refer to Exchange pricing summary

PARTICIPANT SERVICE FEES
(Deducted from participant assets)

• Annual participant fee: $22

WHO DO I CONTACT?

Taylor Dance, PPC, CPFA
Managing Director – Consultant, GBS Retire
(801) 328.1457
info@gbsretire.com

HOW DOES IT WORK?

Sponsoring a 401(k) retirement plan brings with it many responsibilities. You become a participating employer when you sponsor a retirement plan under the Exchange. The Exchange pulls together all the important parties to help you manage your retirement plan:

• RECORDKEEPER | Transamerica
  • Recordkeeping
  • Call center
  • Distribution of required notices
  • Education/retirement readiness
• FINANCIAL ADVISOR | Resources Investment Advisors
  • Provide employee investment education and communication
  • Help plan sponsors determine plan objectives, plan design, and monitor plan statistics
  • Provide plan reviews
• TPA & 3(16) | DWC – The 401(k) Experts
  • Plan document services
  • Compliance testing/Form 5500
  • Defined contribution and defined benefit plan design/consulting
  • Authorize loans/distributions
  • Engage certain providers
• 3(38) | Resources Investment Advisors
  • Select and monitor funds in the investment menu
  • Unbiased investment research and advice (no proprietary products)