Admin316 is a leading plan administrator to retirement plans.
Not all 3(16) administrators are the same.
3(16) PLAN ADMINISTRATION
As the entity responsible for overseeing your retirement plan’s administration we serve as your plans listed trustee. Every retirement plan must have at least one named trustee. Admin316 will take on that role.
Understanding each parties role in your qualified plan is important. Who is the TPA, the Recordkeeper, the Custodian? Who is responsible for the plan investments. Is it our advisors? Are they licensed to serve as the 3(21) or 3(38)? Who is responsible for what? Most important, is it in writing?
We are also here to make sure that all employer team members are taken care of fast and efficiently and that they understand their retirement plan options. We are here to help service loans, distributions, hardships, and to answer investment questions.
We will appoint your 3(38) and help them put together your retirement Investment Plan. We handle all types of retirement plans. We have 401k plans for small business owners with 2 participants all the way to large businesses with over 42,000.
Check out this great video. Admin316 has done 401k administration for over 19 years. We also serve as the plans trustee.
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