Features |
Significant savings
You can easily save thousands of dollars -- every year -- by handling your 401k plan's administration in-house. With the Run It Yourself 401(k) system, it's easy -- especially for small and medium-sized companies!
The Run It Yourself 401(k) package contains what you need to set up and run your company 401k plan, including your choice of investments, customized administration forms and materials, 401k literature for your employees, our easy-to-use administration software, and a comprehensive User's Guide that pulls it all together.
The administration software is based on years of professional 401k experience, and is updated every year and is always IRS-savvy.
You act as your own TRUSTEE because Run It Yourself 401(k) plans are IRS-approved to employer-trusted . (The IRS has allowed retirement plans to employer-trusted since 1962)
Saving money by running your own 401k plan is great, but only if paying your own people to do the work doesn't eat up all those savings!
With Run It Yourself 401(k) you get our years of experience streamlined down to an efficient, effective 401k system that's easy to use and has been designed especially for small and medium-sized companies' self-run 401k plans.
There are no hidden costs or fees with Run It Yourself 401(k), either.
You get 3 hours of "getting started" technical support credit with Run It Yourself 401(k), additional technical support via e-mail plus an easy-to-understand User's Guide.
Versatility of options
We adopt Run It Yourself 401(k) system to your company's specific needs.
Run It Yourself 401(k) works with or without employer matching contributions.
Run It Yourself 401(k) works with or without 401k participant loans.
Run It Yourself 401(k) works for any number of participants (from three on up!).
Run It Yourself 401(k) works with any of today's popular participant eligibility requirements.
Run It Yourself 401(k) works with any of today's popular vesting formulas for any employer matching contributions being made.
You decide your plan's variables (we'll help you if you wish).
We permanently hardwire your decisions into your custom version of Run It Yourself 401(k) software.
You want to offer 401k participant loans but no matching contributions, or matching contributions but with a stringent vesting formula? How about which investments you want for your plan? Whatever you want (as long as it's OK with the IRS), Run It Yourself 401(k) will accommodate. You are never confined by cookie-cutter limitations with Run It Yourself 401(k)! We strongly recommend you consult with your tax and/or legal advisor.
Better operational control
Run-it-yourself means control: control over the service your plan and its participants receive. Service can make or break your 401k. Because Run It Yourself 401(k) puts you in control, you determine the turnaround times on your employees' requests. You determine any administrative fees you want to establish for fulfilling employee requests, too. (The IRS says you can establish "reasonable" fees to cover certain administrative expenses.)
With a Run It Yourself 401(k) 401k plan, you have say over almost everything the IRS normally leaves up to the plan vendors and/or the sponsoring company.
Offsite, third-party plan vendors often make decisions based upon what is best and most convenient for THEM, not you or your employees.
With Run It Yourself 401(k) you consider only what's best for YOUR company and its 401k plan.
For instance, you decide how many no-load mutual funds and/or self-directed brokerage accounts investments to offer to employees (a broad range of investment alternatives must be offered that includes at least 3 funds that are diversified and materially different in terms of risk and return characteristics), and what processing fees, if any, to charge plan participants taking out 401k loans, or when and how often participants will be allowed to change their investment choices, or how often to send out participant account statements (Run It Yourself 401(k) makes MONTHLY statements a breeze!).
"Run It Yourself 401(k)" is an integrated package of products that address all 401k needs, including:
the easy-to-use Windows-based Run It Yourself 401(k) plan administration software.
an IRS-approved prototype 401k plan, which we help customize to your company's needs.
customized enrollment, participation and employee education forms and materials.
the EZFedForms CD-ROM, which contains blank, ready-to-use versions of all 401k-related federal reporting forms (Summary Annual Report, 5500 series, 1099-Rs, and more) as well as annotated versions showing you exactly what information goes where. With EZFedForms, even first-time filings are easy!
Three hours of "getting started" technical support while you're getting your plan off the ground.
Eight 15-minute blocks of technical support for use at any time during the year.
and of course the Run It Yourself 401(k) User's Guide, which explains what to do and how to use Run It Yourself 401(k). All you need to add are the participants!
Shorten the time between payroll deduction and intended investment
Run It Yourself 401(k) is built to help you comply with Internal Revenue Code regulations and guidelines
Run It Yourself 401(k) software warns you against IRS infractions, such as excess contributions, or compliance problems, saving you from headaches and extra work at year's end.
We update the Run It Yourself 401(k) software as well as all the companion materials (including the comprehensive EZ-FedForms CD-ROM) annually and send you your up-to-date, customized copies when you renew your system.
"Tech support" covers more than software-related issues
Our technical support staff is trained to help you with all general aspects of your run-it-yourself 401k plan. For instance:
holding effective enrollment meetings,
signing up participants,
explaining 401k loans
explaining hardship withdrawals
And of course we answer software-related questions, too!
The User's Guide you receive with your Run It Yourself 401(k) system covers all relevant topics of the run-it-yourself process.
The User's Guide is a very complete easy-to-read-and-understand manual for running your company 401k plan.
The User's Guide tells you what you need to do and how to use your Run It Yourself 401(k) system to do it quickly, efficiently, and thoroughly.
Support via telephone with getting your new run-it-yourself 401k plan off the ground
Your first-year-only Run It Yourself 401(k) plan customization setup fee includes up to 3 hours of "getting started" technical support, getting your 401k plan off the ground.
Consult us about:
holding enrollment meetings,
signing up participants,
processing your first month's 401k contribution data,
and more!
Support is available weekdays between 9 a.m. and 5 p.m. Pacific Time. The number to call and your customer I.D. number are printed in the Run It Yourself 401(k) User's Guide.
You can e-mail us 24 hours a day: support@runityourself401k.com.
Additional support via telephone, or e-mail, for use at any time during the year
Between the "getting-started" support via telephone and the comprehensive User's Guide, you should be set. But just in case, we also provide an additional eight 15-minute blocks of direct-access telephone support for use at any time during
the year.
the year.
Your new, first-year Run It Yourself 401(k) plan includes 3 hours of "getting started" support via telephone plus eight 15-minute blocks of telephone-based tech support that you can use at any time during the year.
Each year you renew your system you receive eight 15-minute blocks of telephone support for use at any time during the year.
Telephone based support is available weekdays between 9 a.m. and 5p.m. Pacific Time. The number to call and your customer I.D. number are printed in your Run It Yourself 401(k) User's Guide.
You can contact us via e-mail 24 hours a day:
Send your support question(s) to: support@runityourself401k.com.
If e-mail isn't an option for you and you've used up all of your telephone support time for a given year, you can still get the telephone-based tech support you need. The cost for additional telephone support is only $30 per 15-minutes, charged to your Visa, MasterCard or American Express.
Special notice
Our technical support services field inquiries on technical, software-related questions as well as general 401k administration. We are not, however, pension law attorneys, accountants, actuaries or tax preparers, who are the only qualified people to answer certain questions. It is always advisable to consult with your tax and/or legal advisors in matters that concern your company's 401k plan.
401k fedforms |
401k fedforms is free
The Run It Yourself 401(k) plan administration software collects most of the information needed to complete 401k-related federal reporting forms and schedules.
As part of your Run It Yourself 401(k) package you receive access to 401k FedForms (www.401kfedforms.com), a website designed to simplify your federal reporting process.
401k FedForms shows you which IRS Forms and Schedules are relevant to your particular 401k plan.
401k FedForms' annotated versions of each Form and Schedule tell you where within your 401k plan administration software to find needed information.
There is no extra charge for 401k FedForms; it's part of your Run It Yourself 401(k) package.
With 401k FedForms, even first time filings are easy!
Topics covered
401k FedForms topics include...
Gathering the Information You Need (from your customized 401k plan administration software)
Determining the IRS Forms and Schedules You Need to Complete
Help with completing Form 1096
Help with completing Form 1099-R
Help with completing Form 5500-EZ
Help with completing Form 5500
Help with completing Form 5558
Help with completing Form 945
Help with completing Schedule H (limited instruction only but not applicable to most Run It Yourself 401(k) plans because only relevant to plans with more than 100 eligible employees)
Help with completing Schedule I
Help with completing Schedule P
Help with completing Schedule T
Help with completing your plan's Summary Annual Report (ready-to-complete PDFs are available for download)
Calculation worksheets
Visit www.401kfedforms.com for a preview.
Annual updates
We update 401k FedForms at least annually to match the current applicable IRS Forms and Schedules and Summary Annual Report requirements.
Not tax advice
401k FedForms is a complement to, not a replacement for, published IRS instructions.
401k FedForms is meant to simplify our 401k clients' federal reporting by helping them quickly locate pertinent information.
401k FedForms is not meant to offer tax or financial advice.