Plans + Services
The UBG 401(k) plan is a way participating co-ops further help their employees prepare for “what happens after they stop working.” If you think of ideal financial readiness for retirement as a three-legged stool, when combined with Social Security income and your RetireMint benefit, the 401(k) plan can serve as the third leg of readiness. Advantages include:
- 401(k) plans offer high contribution limits (increased to $23,500 in 2025), with extra contributions allowed for workers nearing retirement.
- Many company 401(k) plans generously match participant contributions, effectively boosting employees’ retirement funds.
- 401(k) plan participants have the flexibility to choose where their funds are invested in the stock market.
Serves as 3(16) Plan Administrator, sharing fiduciary responsibility with the Plan Sponsor in the administration of the 401(k) plan.
3(38) Fiduciary and top-tiered Registered Investment Advisor (RIA)
Empower is a top three 401(k) recordkeeper in the US.
- Supports HR/office staff/co-op management in administering plan
- Signs and files Form 5500
- Assists with 401(k) annual census and questionnaire, 401(k) audits, payroll corrections, etc.
- Sends payroll data to Empower and pushes it through for ACH payment
- Manages fund line-up for UBG 401(k) plan
- Combines all UBG 401(k) participants for lower fee Institutional Fund pricing
- Provides no-cost investment advice to UBG 401(k) plan participants
- Fully transactional mobile experience
- Multiple-levels of security to keep financial data secure
The power and convenience of one.
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System and source of truth for administrative oversight
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Payroll upload and fewer steps for HR Managers
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Website and password for participants