Aimed at small, technologically sophisticated companies, Success 401(k) ( www.success401k.com ) includes detailed information to guide plan sponsors through the process of setting up a plan. The plan design choices are simplified and logically presented.
Can We Talk?
However, Success 401(k) is not without human support: plan sponsors can contact CitiStreet staff during business hours, via a link called “Live Person” which enables real-time message exchanges with plan professionals if assistance is required in setting up the plan.
The product also offers a safe-harbor plan design called Easy Choice, for plan sponsors who want to avoid year-end nondiscrimination testing surprises and expenses.
The program’s investment menu includes 20 mutual funds from various fund families.
Success 401(k) was developed with financial and technological expertise across CitiStreet, the joint venture formed by combining the retirement services divisions of State Street Corp. and Citigroup.