Finding the best 401(k) Provider

Hiring the right plan advisor matters and can have a huge impact on retirement savings for your participants.

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Types of 401(k) providers

A plan sponsor hires three different types of providers to manage their 401(k) plan. Each provider plays a unique role within your small business's retirement plan.

Plan Advisor

A plan advisor helps the plan sponsor and participants with plan and investment management. Hire the plan advisor first to help coordinate selection of the TPA and recordkeeper.

Record Keeper

A record keeper keeps track of the contribution types in the retirement plan. The recordkeeper also maintains the plan website, and distributes plan statements.

Third Party Administrator

A TPA takes care of certain administrative aspects of the plan. For example, the TPA maintains the plan document, performs annual compliance testing, and prepares the Form 5500.

Must-See 2-Minute Video

How to Shop for a Plan Advisor

Watch this short video from a Fisher Retirement Plan Specialist to learn how to shop for the right advisor for your business's retirement plan.

Free 401(k) Provider Evaluation Checklist

8 Questions to Ask When Evaluating a Plan Advisor

Find out the 8 most critical questions to ask when evaluating a new plan advisor for your small business.

Plan Advisor Evaluation Template

Save time by downloading our complimentary provider evaluation template.

Plan Advisor Comparison Chart

Compare the differences between a one star, two star, three star and four star plan advisor.

Schedule your free consultation

One of our 401(k) business specialists would love to talk to you about your company's retirement plan needs.

Additional Resources

  • Maximize Your Retirement Savings

    Save big on your personal taxes with a cross-tested profit-sharing plan added to your company's 401(k).

  • Don't Miss These Extra Savings

    A new tax credit that can be as high as $16,500—which means actual money in your pocket.

  • The Powerful Tax Benefit for Business Owners

    Pay fewer taxes now and save more for your retirement? You need to see this powerful tax deferral strategy.

  • Profit Sharing

    See how one business owner saved over $51,000 a year by switching to a New Comparability Profit Sharing Plan.

  • Safe Harbor

    Find out how this business owner increased his personal annual contribution with a Safe Harbor 401(k) Plan.

  • Cash Balance

    Find out how a business owner saved over $111K in taxes annually and turbo-charged her retirement savings.

  • Cash Balance Plans

    Hear from a small business specialist to learn more about Cash Balance Plans.

  • Tax Savings Guide

    What you need to know to unlock huge savings. This guide features information designed to answer your tax savings questions.

8 Questions to Ask When Evaluating a Plan Advisor
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