For the first ten years Social(k) partnered with ExpertPlan to provide a paperless 401(k) with more ESG, Environmental, Social and Governance, screened funds than most other record keepers. Initially the paperless platform was a leading solution for Social(k). Responsible and sustainable organizations looking for a plan that matches their DNA found a home with us. After ten years ExpertPlan was bought by Ascensus, the nations largest private recordkeeper TPA. This new partner expands our capabilities to include a full suite of Human Resource Solutions. We are also adding six other providers to expand the Social(k) offerings and brand.
Use these partners to build a plan that fits your needs as a Plan Sponsor. Social(k) is a recognized brand that brings a new level of engagement by employees when it comes to the company retirement plan benefit. Offer a product that supports who you are as an organization. Make your retirement plan a benefit not a liability to your company. We can help you understand the roles and responsibilities involved with a plan. Next we build a team to do that with as much or little support as you need.
Contact us with questions on plan design or to run a proposal from any of our partners.
Today Record Keepers have access to thousands of mutual funds, including ESG screened options. Now we offer six retirement plan specialists to provide a range of options to organizations looking to incorporate Environmental Social or Governance screens to the company plan. We are also offering fiduciary services and deep reporting on the impact of your investments with HIPImpact Ratings.
Ascensus - Largest private record keeper in the country. Ascensus specializes in recordkeeping, administrative, and program management services, supporting over 43,000 retirement plans and 2.8 million 529 college savings accounts. It also administers more than 1.5 million IRAs and health savings accounts.
Folio Institutional - The company was founded in 1999 by Steven Wallman, a former commissioner of the U.S. Securities and Exchange Commission widely recognized for advocacy on behalf of investors. Based in the Washington, D.C. suburb of McLean, in the heart of the Northern Virginia high-technology corridor.
Mr. Wallman gained a unique perspective on Wall Street during his years as a Commissioner of the U.S. Securities and Exchange Commission. He saw first-hand how the needs of many investors were not being fully met by existing financial institutions and existing financial investment vehicles. Folio Institutional was founded, in part, to provide advisors and other professionals the tools they need to deliver better solutions to their clients:
- With Folios, investors of all sizes and investment styles can enjoy the advantages of a flexible and diversified portfolio.
- Folios help reduce the drain on your earnings from fees, trading commissions, and capital gains taxes.
- Folios, in contrast to mutual funds, provide advisors and their clients transparency and control over the securities their money is invested in.
RPG Consultants - Offers full-service retirement planning with an emphasis on defined benefit, defined contribution and 401(k) programs, complex pension strategies (including select comparability designs), non-qualified deferred compensation programs, FSA Plans and plans covered by the Davis-Bacon Act. We handle the administration service requirements for all the above programs. With Folio Institutional as custodian Social(k) offers Separate Account Manager portfolios and high level of service and customization. Ability to provide performance reporting for separate accounts.
Turning Point Associates - A small privately-owned firm specializing in the administration and recordkeeping of defined contribution plans, such as pension, profit sharing, and 401(k) plans, for small to mid-size companies….a segment of the market that is often neglected. TPA, Inc. offers each of its clients an account representative who knows every aspect of your plan. That means you only have to make one call to get a response to your concerns or questions.
In addition, our knowledgeable staff stays current with all federal and local regulations governing benefits administration. Your representative will act as your benefits compliance officer, keeping you informed concerning changing laws and requirements.
Retirement Plan Consultants - Dimensional Fund provider with Advisor Advantage to support the plan advisor and HR Solutions help smaller organizations provide human resource services.
QBox Fiduciary Solutions - 3(38) and 3(21) services. ERISA compliant screening and monitoring of investment options with clear Roles and Responsibilities Process. For over 20 years we have helped advisors and business owners simplify and streamline a process to fulfill their investment responsibilities. We consult with the business owner and advisor to establish an investment lineup that better helps participants meet their investment objectives. Socially Responsible Investments (SRI) can be offered as an option in a 401(k) plan as long as certain requirements are met. Unfortunately, The Department of Labor does not permit one to make investment decisions based solely on social or environmental issues. Our solutions are a documented process and training program so that fiduciary obligations are met.
Directory of Financial advisors who are members of US Social Investment Forum, here
HIP Investor - "Quantifiable measures of human impact that can drive higher shareholder value. How HIP Is Your Portfolio?” For investors seeking a review — a "HIP CHECK" — of their portfolio’s performance on both Human Impact + Profit, we can provide a "HIP Scorecard" of your entire portfolio:
- 3000 equities globally
- venture capital and private equity
- real estate
- hedge funds
- muni bonds and fixed income
- fine art collections
- cash parked at your bank
HIP Your Portfolio: Across all asset classes, we score and sub-advise portfolios that seek specific impact, return, risk and liquidity. You can then track your HIP progress as your portfolio evolves over time. We recommend on how your portfolio can become more HIP.
Social(k) and our new partners bring a high level of service and support to organizations looking to concentrate on their core mission. The company retirement plan can and should be a valuable benefit for employees and not a liability for employers.
Common issues to check on with your current plan.
- Plan is outdated
- Roth feature not implemented
- No Default Investment Selection
- Lack of established Investment Committee
- Investment Policy Statement not created
- No formal Employee Education Program
- 404(c) election not used or followed
- Fidelity Bond lack of coverage
- Efficient plan design not utilized
- No Fiduciary Services being provided
- Consistently failed discrimination testing
- No formal fund review
- Lack of advisor involvement
Please note that Social(k), your service providers and your appointed investment advisory firm are separate and distinct covered service providers for your plan. We believe that separation of service and ultimate fee transparency empowers your retirement plan with the ability to understand your fees and monitor your service providers.