As the first step of establishing a 401(k) plan, SEPIRAk’s online document creation walks the employer/trustee through the myriad of information needed to complete the document in a simple methodical process. The SEPIRAk IRS approved prototype document is simple to understand for proper plan operations. The same information used to complete the document also starts the process of establishing the checking account for the plan at one of SEPIRAks bank partners or a banking partner of your choice.. Once the document is created and executed, the SEPIRAK system will store the executed document as well as any future amendments to the plan’s document vault. This will ensure that proper version control of documents signed from inception to current is captured and available in the event of an IRS Audit.

Key Features:

• IRS Approved Prototype document
• Document Storage
• Recordkeeping designed congruent to document features
• On-line at will document access
• Restatement services included

The SEPIRAk record keeping system is a proprietary system that has been carefully curated to serve both the novice and the experienced user. The system is designed to help identify each user’s requests and properly guide them through each process through completion. Education has been built into each step to help answer questions users may have as they navigate through each transaction and help avoid

Key Features:

• Required separate accounting each contribution sources(i.e., Employee Deferrals, Profit Sharing, Rollovers, and After-Tax)
• Guided process for each transaction (i.e., Contributions, Investment Purchase, Posting of Income and Expense Posting, Distribution and more)
• Facilitate Rollovers from other existing retirement accounts
• Retrieval of account information of external accounts
• Unlimited participants
• Automatic Plan Checking Account Establishment
• Compliance Support
• IRS Reporting Forms Preparation
• Compliance Reminders
• IRS Reporting (i.e., IRS Form 5500, 1099-R)

As the first step of establishing a 401(k) plan, SEPIRAk’s online document creation walks the employer/trustee through the myriad of information needed to complete the document in a simple methodical process. The SEPIRAk IRS approved prototype document is simple to understand for proper plan operations. The same information used to complete the document also starts the process of establishing the checking account for the plan at one of SEPIRAks bank partners or a banking partner of your choice.. Once the document is created and executed, the SEPIRAK system will store the executed document as well as any future amendments to the plan’s document vault. This will ensure that proper version control of documents signed from inception to current is captured and available in the event of an IRS Audit.

Key Features:

• IRS Approved Prototype document
• Document Storage
• Recordkeeping designed congruent to document features
• On-line at will document access
• Restatement services included

Additional level of expertise for other topics may be need such as estate planning, tax advice, legal advice or investment advice. Look no further. SEPIRAK has a list of well-versed seasoned professionals you can engage with through our professional network. All you have to do is identify the expertise you need, and the network will find available qualified practitioners to help you. The fees for the services are separate from SEPIRAk.

Key Features:

• List of professionals in their respected field of practice
• Possible geographic specific professional near you

Tools to help you make informed decisions in saving for retirement are available for you. Although these tools do not replace the services of a competent tax, legal or investment advisor, it does provide insight as you make decisions.

Key Features:

• Contribution calculator
• Roth vs Traditional Comparison calculator
• RMD calculator
• Social Security Benefit calculator
• Retirement projection calculator

Links:

• investor.gov
• ssa.gov
• irs.gov

We know that not everyone is well versed on retirement plan features, rules and strategies. The SEPIRAk on-line Learning Center will provide the needed training and education you will need to administer your plan and more.

Key Features:

• Available 24/7 on-line video training on plan administration
• Special training on retirement plan strategies to further to maximize tax shelter opportunities
• Industry specific education delivered by service and investment providers

SEPIRAk has forged a partnership with an investment platform that will allow you access to over several thousand mutual funds to choose from. Trading of these funds are done directly in your SEPIRAk record keeping account. No need to bounce back and forth from different providers. You can do it all under one roof.

Key Features:

• Mutual funds sub custodied under one the largest transfer agents in the nation
• Trades facilitated online within 24-48 hours.
• ETF available in the future.

Unlike other 401(k) recordkeeping systems which you will have to choose whether to only self-direct alternatives investments or strictly securities, the SEPIRAk record keeping system allows for self-direction of such assets as real estate, precious metals, crypto currency and others

Key Features:

• Capability to administer and custody alternative investments such as real estate, notes, private placements, mortgage liens and more.
• Allocation of income and expenses are facilitated in a semi-automated environment
• ACH, wire and check writing capabilities through banking partner
• Link to other platforms expands opportunities

As part of administering a retirement plan, there are annual responsibilities that a plan trustee (employer) is responsible for. For some required filings hefty fines are associated and could open the plan for IRS and DOL scrutiny. As part of the service SEPIRAK’s electronic notification service, based on plan data, the trustee will be notified if such issues arise.

Key Features:

• Deadline for making contributions
• Reminder of required annual reporting
• RMDs notifications for participants age 72 and older
• Reminder to review you beneficiary designation elections
• Reminder to add new participants