Retirement Services

Underwritten by United of Omaha Life Insurance Company or Companion Life Insurance Company

401(k) Admin Advantage

This extra level of 3(16) services can simplify your plan’s day-to-day demands, for an additional fee. We’ll serve as co-fiduciary for administrative requirements to help you minimize plan risk. Choose from one or both of two service options:

Participant Notice Distribution

Preparation and sending required designated notices directly to plan participants, including:

  • Participant Statements
  • Participant Fee Disclosures
  • Blackout Notice
  • Safe Harbor Notice
  • Automatic Contribution Arrangement (ACA)
  • Qualified Automatic Contribution Arrangement (QACA)
  • Eligible Automatic Contribution Arrangement (EACA)
  • Summary Plan Description (SPD)
  • Summary Annual Report (SAR)
  • Qualified Default Investment Alternative (QDIA)

Transaction Processing

Paperwork for distributions, loans and other transactions, as well as supporting communications, including:

  • Required Minimum Distributions (RMD)
  • Termination Packets Sent to Participant Homes
  • Involuntary Force-out Distributions
  • Hardship Withdrawals
  • Separation from Service Distributions
  • Loan Processing
  • In-Service Withdrawals
  • Management of Unclaimed Checks
  • Hardship Suspension Monitoring
  • Loan Default Monitoring

Qualified Domestic Relations Order (QDRO) review is available with both Participant Notice Distribution and Transaction Processing. Additional fees apply which will be charged to the participant.

By selecting our 401(k) Admin Advantage services, you will transfer selected fiduciary duties and potential liabilities to United of Omaha Life Insurance Company or Companion Life Insurance Company.

Questions? Please Call: (888) 917-7120