Saturna Trust Company's 401(k) plan is comprehensive, manageable, and highly affordable – benefiting both employers (plan sponsors) and employees (plan participants).
Employers can adopt a complete 401(k) plan based on modern technology that features IRS-compliant plan documents, employee-directed accounts, online account management, low costs, summary reports, and online education materials. Employers utilize Saturna Trust Company to provide plan design consulting, including investment menu, data processing, discrimination and compliance testing, forms preparation and extensive operational assistance – all at a simple-to-understand, affordable price.
Employees benefit from daily asset valuation and fund transactions, online statements with vesting and loan balances, online investment education, online account maintenance forms, and the ability to update their personal data anytime. Optional features include plan loans, Roth accounts, special “hardship” withdrawals, and brokerage windows.
401(k) plans are powerful employment incentives and a major part of America’s retirement savings. But for a plan to be successful, it has to operate easily and at low cost for the employer and for the employees. For some companies, the cost and complexity of operating a 401(k) plan seems prohibitive. For others, terminating a plan after years of high fees, poor investment performance and hassles might seem like an easy decision.
There is a better alternative:
Saturna Capital's 401(k) plan — providing real value for your money.
Saturna strives to not only offer the best investment opportunities, but to match those sound investment with low-costs and superior customer service.
The Saturna Advantage
Establish your 401(k) with Saturna Capital to take advantage of:
A Full-Service Arrangement
The Saturna Trust Company 401(k) plan is a full-service arrangement. Our plans save our clients on costs associated with non-integrated service providers because Saturna’s staff handles everything from recordkeeping to investment management to marketing and education. Full-service arrangements eliminate the need for employers to deal with and monitor multiple service providers. This eases the employer’s burden to consider potential conflicts of interest that may arise when using multiple providers.
By maintaining in-house operations, Saturna keeps your plan costs low and affordable. Our transparent fee structure enables employers to focus on their employee’s retirement funds instead of wrestling with complex fee schedules from multiple vendors.
Assistance Operating Your 401(k) Plan
Once employers have established a company 401(k) plan, they assume certain responsibilities. Saturna helps with the functions of establishing and operating your 401(k) plan, including:
- Participation
- Contributions
- Vesting
- Nondiscrimination
- Investing 401(k) monies
- Disclosing plan information to employees
- Reporting to government agencies
Common goals. Common rewards. Common sense.
Saturna has been a 401(k) administrator since 2007.
A Wide Range of Investment Choices
We offer 401(k) plans a selection of Saturna Capital low-cost mutual funds, as well as an extensive menu of unaffiliated mutual funds, with a variety of investment objectives, through our open architecture platform. Employers make their own investment decisions, and by investing in more than one fund, employees can tailor their 401(k) accounts to reflect their own risk and return objectives. In addition, plans are permitted to open self-directed brokerage accounts and buy common stocks, bonds, and other IRS-permitted securities of their choosing.
Personalized Service
At Saturna, we help make investing for retirement easy. Plan information is available online 24/7 to employees and their employers. Employees may also call Saturna’s toll free phone number during business hours for consultations, inquiries, or transactions.
We provide each client with a customized online portal to oversee many aspects of your plan.
Unlike many recordkeepers, Saturna’s employees are not compensated for product sales, eliminating a common conflict of interest.
Transparency, Accountability
Saturna Trust Company hires an independent, third-party auditor to annually examine its financial statements, providing you with confidence in our financial operations.
AICPA SOC Certification
An SSAE 16 SOC 1 Type 2 certification validates that an organization has completed a rigorous independent audit of its controls, objectives, and activities within information technology, corporate procedure, and other related service areas. A successful audit completion indicates that a service organization has sufficient controls in place to support its customers. SSAE 16 is a standard developed by the American Institute of Certified Public Accountants (AICPA) for service organizations. SSAE 16 extends and replaces the previous SAS 70 standard incorporating international controls based on the ISAE 3402 standard.
