MVP Plan Administrators, Inc. announces MVPkPlan^SM, a 401(k) Plan that is manageable, simple, understandable, and, best of all, affordable!

MVP Plan Administrators, Inc., an innovator in 401(k) plan recordkeeping and administration, now provides MVPkPlan^SM, A Sensible Retirement PlanSM. MVPkPlan^SM offers relief to employers and their employees.

Employers get bogged down with complex IRS and Department of Labor (DOL) regulations. MVPkPlan^SM puts the plan on auto-pilot! The employer uploads data each pay period and then acts upon communications sent to them. That action usually is only to email/provide their newly eligible employees with some information!

Employers don’t always understand their role when sponsoring a qualified plan; they may wear as many as 5 fiduciary “hats”! The owner(s)/officer(s) of the employer is typically the person(s) who wears all of the hats! Some of these roles can be shared with other providers, but never is the employer without liability for the plan they sponsor. MVPkPlan^SM is designed to reduce that liability.

“Employers have difficulty understanding the complex and hidden fees used by too many providers in the 401(k) plan industry, while employees feel so overwhelmed or even paralyzed by investing and managing their retirement account that they often do nothing,” explains Kelly Musico, President of MVP Plan Administrators. “The employer needs a retirement plan they can manage and that allows them to only pay for the services they need. Employees need to invest for the long-term while minimizing risk in order to reach their retirement goals and not have fees prevent it.” MVPkPlan^SMhelps them understand their retirement needs, pick a prudent risk-based, managed investment that reallocates as they age, and provides an easy-to-understand low fee of just $2.50 per month!

This innovative approach is not just another “low cost option.” It’s the way to operate a qualified retirement plan simply, compliantly, and cost-effectively while achieving everyone’s desired result – a secure retirement future.