[topic 1]

Our Affiliate, Pension Service Associates (PSA), Specializes in Full-Service 401ks for Companies of All Sizes

Pension Service Associates (PSA) has been a trailblazer in the 401k industry for decades, concentrating on the largely-ignored needs of small and mid-sized companies.

PSA has created an affordable line of full-service plans called the 401k Solution that participants rank among the most popular plans in the nation.

-- PSA's 401k Solution is adaptable to companies of any size. Small-company plans are NOT truncated versions of big company plans.

-- Part of PSA's 401k "solution" is affordability without reduced service. By offering of variety of investment mix-plan pricing approaches, companies can choose whether to absorb all the costs of the plan, split the costs with the plan's participants, or have the plan's participants absorb the costs.

-- PSA's 401k plans see participation rates that are often nearly TWICE the national average. Investment choice, prompt service, and plan flexibility play major roles in the popularity of 401k Solution plans.

-- Web 401k is the next evolution of PSA's forward-thinking approach to 401k plans. Designing plans that meet today's businesses' needs within realms adaptable to tomorrow's keep both PSA's 401k Solution and 401(k) Pros' Web 401k always under our 401k experts' eyes; they continually evaluate additional features and services that might better serve our full-service and self-service clients.

For more about the evolution of Web 401k from some of PSA's innovations, see this website's About Us page.

[topic 2]

Quality + Flexibility + Affordability = PSA's 401k Solution (and that's not the typical full-service equation)

Quality Administration
As a full-service provider, PSA of course processes each month's 401k contributions for you, but PSA administration also means quick response times to your requests made by your company and/or plan participants.

Flexible Plan
The 401k Solution, like Web 401k, lets your company decide its plan's parameters within those approved by the IRS. You have the freedom to customize the IRS-approved prototype plan to suit your company's 401k needs.

-- You choose your plan's participation eligibility requirements.

-- You choose the type and formula for any employer contributions (matching, profit sharing, qualified nonelective) -- or choose not to make employer contributions.

-- You choose the vesting formula to be applied to any employer contributions (qualified nonelective contributions are, by law, always immediately vested).

-- You choose your plan's investments from a huge array: self-directed brokerage accounts, any of hundreds of no-load mutual fund families, or any of hundreds of load mutual fund families or brokerage accounts coupled with one or more no-load mutual fund families.

-- There's no limitation on the number or foundry of investments you can offer. It's easy to supply your plan with investment flexibility to meet present as well as future needs.

-- You write your plan's loan policy; PSA can help you formulate that policy -- at no extra charge.

-- You decide if you want to use automatic enrollment for your plan, and if so, you choose the default investment choice and contribution level.

-- Your plan is never limited by minimum participation numbers (it does, of course, have to pass federally-mandated annual compliance testing)

Affordable Service
No decent 401k plan is as affordable as a Web 401k self-service 401k, but in the full-service arena PSA plans are about as affordable as you can get -- and you don't have to scrimp on quality, either.

-- PSA plans include services and options other vendors charge extra for, such as offering a virtually limitless array of mutual funds in your plan, providing employees with online, downloadable year-to-date account statements, and providing your plan with MONTHLY compliance testing.

-- PSA distribution, loan and other per-transaction administration fees are significantly lower than industry standards.

[topic 3]

PSA Full Service 401ks vs. Web 401k Self-Service 401ks

There are many similarities between Web 401k self-service 401k plans and PSA 401k Solution full-service plans. In fact, Web 401k was largely developed from the "what works and what works best" successes of the 401k Solution. The main differences between the two administrative arrangements are (1) who does the work, and (2) cost.

Both types of plans come with multiple pricing-investment approach configurations. Both types of plans offer discounts for using load mutual fund investments (see Web 401k's pricing section for details).

[topic 4]

PSA Full-Service 401k Plan Pricing

PSA's full-service plans are very reasonably priced -- well below the national average for full-service plans (not to be confused with Web 401k self-service plans, which cost of fraction of ANY full-service plan). For instance:

-- PSA full-service plan (please do not confuse this with a Web 401k self-service plan) serving 25 eligible employees costs roughly $2,245 to $3,745 a year, depending on the type of investments chosen (discounts are given for using Class A, B or C load mutual funds).

-- The national average for a 401k serving 25 eligible employees is $6,750 to $20,000 a year (and these competitors' plans often lack the quality service and flexible options standard in PSA 401k Solution full-service plans)

-- Call 1-800-752-401k (that's 1-800-752-4015) for more information or for a free quote on a PSA full-service 401k plan. If you prefer, e-mail us here at Web 401k and we'll forward your inquiry to Pension Service Associates: write to web401k@401k-network.com.

[topic 5]

Converting Existing 401k Plans Is Quick and Affordable

PSA can convert your existing 401k plan into an affordable, flexible 401k Solution full-service plan in a matter of days.

-- There's a one-time, first-year-only plan setup fee of $1,000. The fee covers all conversion and full-service plan setup expenses.

-- You can often keep your plan's current investments. Alternately, you can choose to adopt any of an extensive array of self-directed brokerage accounts, no-load mutual funds, or Class A, Class B, or Class C load mutual funds (see our 401k Glossary if you're unfamiliar with these terms).

-- For generally no extra charge, you can have us amend your existing plan during the plan conversion. Perhaps you'd like to add in 401k loans, maybe matching contributions?

[topic 6]

PSA Handles All Types of Retirement Plans, Including 403b Plans and IRAs

The federal government has created several tax-deferred retirement savings vehicles, and PSA offers all the most popular ones, including 403b plans for non-profit organizations. one-person 401k plans, and SEPs for self-employed people.

-- PSA can provide a quality, affordable plan for almost every IRS-sanctioned retirement savings vehicle set up to be employer-sponsored.

[topic 7]

Why Your 401k Investment Choice Affects PSA Full Service Pricing

Class A, Class B, and Class C mutual funds are "load mutual funds." Load mutual funds charge investors a fee either upon purchase or liquidation of shares; in turn, the NASD Broker/Dealer providing the investments is paid a commission by the mutual fund company. When you let PSA designate the NASD-licensed Broker/Dealer for your PSA 401k plan, these commissions subsidize the cost of your plan.

-- The relative size of the load on load mutual funds varies with Class; the subsidy to your plan costs, therefore, varies with the Class of load mutual funds you select for your plan.

-- By using load mutual funds, your company can either split the cost of the 401k plan with your plan's participants (by using Class A or Class C funds) or have the plan's participants absorb most of the cost of the plan (by using Class B funds).

Why 401k Solution plans that use self-directed brokerage account plans and/or no-load mutual funds cost more.
No-load mutual fund investments do not charge investors purchase or liquidation fees. Neither do investments obtained through self-directed brokerage accounts. No Broker/Dealer commissions are paid out in either case, thus, none subsidize the cost of your 401k Solution plan.

-- A 401k Solution plan using self-directed brokerage accounts and/or no-load mutual funds still costs a fraction of what's being charged nationwide -- and most other "low-cost" plans offer far fewer options and less flexibility than the 401k Solution.

-- Remember...
ALL MUTUAL FUNDS, whether no-load or load and whether obtained through self-directed brokerage accounts or otherwise, involve management and/or other fees charged to shareholders' accounts. Reading investment prospectuses is the only way to determine the exact fees that pertain to any particular investment.

[topic 8]

For More Information...

Contact PSA by calling 1-800-752-4015 (4-0-1-k), or send an e-mail to web401k@401k-network.com requesting that we have a 401k Solution representative contact you.