YOUR RETIREMENT PLAN ONLY BETTER!
Hey, we get it. Designing and running a retirement plan can be a challenge.
WHY?
Clear & Complete.
Compliant & Cost-Effective.
Built to be a turnkey 401(k)!
PLAN SPONSOR TASKS
WITHOUT NEXt
INVESTMENT CHOICES
PLAN DESIGN
TRUSTEE DUTIES
FIDUCIARY
PAYROLL
HARDSHIPS
NOTICES
RECORDKEEPING
TERMINATIONS
LOANS
QUALIFIED DOMESTIC RELATIONS ORDERS
ELIGIBILITY
PROVIDE YEAR END CENSUS DATA
EMPLOYEE COMMUNICATIONS
SUMMARY PLAN DOCUMENTS
REQUIRED MINIMUM DISTRIBUTIONS
ROLLOVERS
DISTRIBUTIONS
PARTICIPANT SUPPORT
ENROLLMENT
EMPLOYEE EDUCATION MATERIALS
MONITOR CUSTODIAN
MONITOR TPA
MONITOR INVESTMENTS
MONITOR BROKER
PLAN SPONSOR TASKS
WITH NEXt
MONITOR NEXt
SUBMIT PAYROLL FILES TO NEXt
PROVIDE YEAR END CENSUS DATA
All true concerns, but the fact is:
A 401(k) may be the best recruiting and retention tool a employer can use.
CHOOSE
Fiduciary Liability Protection
UNDERESTIMATING THE IMPORTANCE OF YOUR RESPONSIBILITY CAN BE A COSTLY MISTAKE
The DOL's states that "the primary responsibility of fiduciaries is to run the plan solely in the interest of participants and beneficiaries and for the exclusive purpose of providing benefits and paying plan expenses. Failing to ensure this happens can result in costly fines and plan disqualification. 67.2% of company's retirement plans that are audited by the Department of Labor fail the audit.
The Fiduciary Responsibility and by extension, the risk, is placed on YOU, as the Plan Sponsor.
You may hear other firms promise "Fiduciary Liability Protection" in their sales pitch. However, in a court of law they will refuse any liability. NEXt, is listed as the Named Fiduciary on your plan - meaning that with the you are protected to the highest degree allowed by law.
Cost Containment
REDUCE STAFF COSTS
WITH NEXt AS YOUR NAMED FIDUCIARY, YOUR EMPLOYEES CAN SPEND LESS TIME WORRYING ABOUT THE RETIREMENT PLAN AND MORE TIME HELPING TO GROW YOUR BUSINESS!!!
ELIMINATE FINES & PENALTIES
WITH NEXt FOCUSED ON YOUR COMPLIANCE, IRS AND DOL AUDITS WILL BE A BREEZE. NO NEED TO WORRY ABOUT COSTLY FINES AND PENALTIES
SHEILDED FROM LIABILITY
NEXt HELPS TO SIGNIFICANTLY REDUCE YOUR PERSONAL FINANCIAL RISK WITH OUR 3(16) FIDUCIARY LIABILITY PROTECTION.
REDUCED PLAN COST
NEXt's PLAN BASED ON THE "ECONOMY OF SCALE" CONCEPT. THIS ALLOWS THE AGGREGATION OF MULTIPLE EMPLOYER'S 401(K) PLANS TOGETHER UNDER A SINGLE COMPREHENSIVE RETIREMENT SOLUTION.
THIS "ECONOMY OF SCALE" ALLOWS NEXt TO OFFER SERVICES THAT MOST PROVIDERS CANNOT OR DO NOT OFFER. COMPARABLE OR EVEN LOWER COSTS ARE ANADDED BENEFIT SINCE THE SERVICES ARE BEING OFFERED TO MANY AT ONCE
Best of the Best Partnerships
Client Testimonials
MAGII PENSION SERVICES
PLAN MANAGER - THIRD PARTY ADMINISTRATOR &
3(16) FIDUCIARY
As the founder of the NEXt retirement solution, , magii ensures your plan reaps long-term rewards with easier day-to-day operations.
Magii acts as your Retirement Plan Department so you don't have to be an expert. We're the buffer between you and the Department of Labor/IRS to keep you compliant, we provide fiduciary liability protection, and our NEXt exchange solution is extremely competitively priced with plans that do not provide these valuable services
TRANSAMERICA
CUSTODIAN / RECORDKEEPING SERVICES
PASS & Portfolio XPress
As an industry leader in the Open MEP/Exchange marketplace, Transamerica is an industry-leader, record-keeping over $242 Billion in assets under advisement and more than 75 years of retirement plan experience. They provide the custodial and recordkeeping services to assure our plan sponsors and their employees with the best-in-class retirement plan services and solutions. NEXt is proud to be the only exchange utilizing Transamerica's PASS and Portfolio Xpress services to leverage our already amazing services and investment fund lineup.
LEAFHOUSE FINANCIAL
3(38) PROFESSIONAL INVESTMENT GUIDANCE
LeafHouse Financial Advisors is a completely independent registered investment advisor that specializes in serving as a third-party fiduciary for qualified plans. The firm has been recognized by Financial Advisor as one of the Top 50 Fastest Growing Investment Advisors for five consecutive years, by PLANADVISER as one of 2017’s Top 100 Retirement Plan Advisers, and by the National Association of Plan Advisors as a finalist for the 2016 401(k) Advisor Leadership Award. Additionally, the firm was certified by DALBAR as a qualified ERISA 3(38) adviser.
Their proprietary LeafHouse GPA® or Grade Point Average scoring system ensures you, as adopting and participating employer, that the investment decisions always follow a documented prudent process.
COLONIAL SURETY COMPANY
SURETY / FIDELITY / FIDUCIARY BOND
We have partnered with Colonial Surety, a leading provider of ERISA/Pension Fidelity Bonds to be able to offer flat rate ($100) Fidelity/ERISA bonds to all our plan adopters. Be compliant and pay less!
Colonial Surety is a national insurance company, registered in all 50 states and U.S. territories, and have provided insurance products since 1930. They are the largest direct-seller for ERISA/Pension Fidelity Bonds in the U.S., and are an exclusive partner of magii pension and the NEXt exchange.
DOCUSIGN
ELECTRONIC SIGNATURE TECHNOLOGY
DocuSign® is changing how business gets done by empowering more than 300,000 companies and 200 million users in 188 countries to sign, send and manage documents anytime, anywhere, on any device, with confidence.
DocuSign replaces printing, faxing, scanning and overnighting documents with the easiest, fastest, most trusted way to make every approval and decision digital.
As NEXt was built to be a more digital solution (read: faster), we decided from the start that we would engage DocuSign to make signing the required forms and paperwork to establish and maintain our plan easier and secure. You can even do so right from your mobile device! NEXt is proud to be the first and only exchange offering this great service.
OUR BELIEF IN
SOCIAL RESPONSIBILITY
The team at NEXt believes that when much is given, much is expected and to help future generations improve their retirement readiness, we believe in the value of financial education. Therefore, NEXt has made a firm commitment to donate a portion of the profits of each NEXt plan sold to a national charity whose sole purpose is to empower individuals and families on financial planning through every stage of their lives.
Thank you for helping NEXt grow and by doing so, helping others.
Everyone wins!