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UFPC 401(k) Plan For Franchisees of: A&W, KFC, Long John Silver’s, Pizza Hut, & Taco Bell.
A&W, KFC, Long John Silver’s, Pizza Hut, & Taco Bell
The information contained in this presentation is being provided with the understanding that it is not intended to be interpreted as specific legal or tax advice. Individuals are encouraged to see the guidance of their own personal legal or tax counsel.
As a general rule, a 401(k) plan must satisfy non-discrimination requirements. Many small businesses find this hard to do, and as a result, owners and highly compensated employees may be limited to the amount they can contribute to the plan. Plans now have alternative, simplified methods of meeting the non-discrimination requirements. 401(k) plans that adopt one of these alternative methods are referred to as “safe harbor 401(k)” plans.
UFPC has negotiated very attractive plan features on your behalf:
1. LOW out-of-pocket costs for the franchisee
EXAMPLE: Plan A has 20 plan participants
Yearly administration cost for the plan is $450 + (20 x $15) = $750
EXAMPLE: Plan B has 200 plan participants
Yearly administration cost for the plan should be $450 + (200 x $15) = $3,450
BUT, since there is a maximum out of pocket cost negotiated by UFPC, your company pays ONLY $1,950
2. NO surrender charge on the UFPC 401(k)
3. NO check writing fee for distributions from the plan
4. FREE enrollment meetings in English and/or Spanish at multiple locations
5. FREE 401(k) Toolbox - an independent internet investment strategy tool managed by PMFM, Inc. that helps your employees select the right accounts among those available in your plan AND reduces your fiduciary liability as a trustee
6. Administration is included to help plans stay in compliance and to prepare necessary tax documents for the franchisee
Investment Management Fee
Total Cost to Obtain/Maintain an Investment
Regardless of provider, the sum of these 3 fees is the cost for an individual to obtain/maintain an investment under a plan.
Many fund providers move these fees around to look more competitive. We believe that when you compare our costs with others, you will see that this product is the most competitively priced program available. Proposals are available which show the investment cost of each separate account available in the plan.
*All guarantees are based on the claims paying ability of the issuer.
Our team will provide you all facets you need in a retirement plan.
Franchisee can elect to make a contribution or not make a contribution to the plan
The UFPC 401(k) Plan helps you attract, retain, and reward
your employees. Franchisees all across the country are taking
advantage of this special benefit program. Call or e-mail us today
to see if the UFPC 401(k) plan makes sense for you.
For More Information, Please Contact:
Larry E. Ricke, CLU, ChFC
Ricke & Associates
425 Bank Street, P.O. Box 906
New Albany, IN 47150
Phone: 1-888-537-4253, (812) 944-4461
Fax: (812) 945-1328