From dedicated support to transparent pricing, the CWM(k) was designed to address the wants and needs of small business owners. The goal of this solution is to remove the stress of managing a 401(k) plan by allowing plan sponsors to offload recordkeeping, annual reporting, compliance, and other administrative tasks.
CWM Retirement Plan Services, LLC is excited to announce a new retirement plan solution focused on helping small businesses offer an employee benefit that is just that – a benefit. The CWM(k) is a comprehensive solution that seamlessly combines administration and recordkeeping.
From dedicated support to transparent pricing, the CWM(k) was designed to address the wants and needs of small business owners. The goal of this solution is to remove the stress of managing a 401(k) plan by allowing plan sponsors to offload recordkeeping, annual reporting, compliance, and other administrative tasks.
HR Technology News: Happiness + Productivity Rethinking The Way We Work In Light Of COVID-19
The CWM(k) was built with an open architecture platform with access to most major fund families. Additionally, to help keep overall plan expenses in check, the investment options are often selected from Institutional share classes.
In an effort to provide the most intuitive online experience, CWM partnered with one of the industry’s largest 401(k) custodians – Charles Schwab. The user-friendly employer and employee websites, make it easy to access all information on-demand.
“Small businesses should have the opportunity to offer a retirement plan that fits their business needs,” said James Couture, President of CWM. “A type of plan that not only provides robust digital integrations, but also the benefits of customized plan design. The new CWM(k) is centrally managed, so that when our clients need support, they aren’t calling a mystery 800-number, rather, they are speaking with a consistent team that intimately knows the ins and outs of their plan. We created the CWM(k) to specifically remedy the pain points our clients expressed. This is a new type of retirement plan experience – one that actually makes sense for small businesses because it is a low cost, easy to use and simple to manage retirement plan.”
The CWM(k) allows employers the flexibility and customization to offer a retirement plan that fits their growing business.
HR Technology News: The Benefits Of Secure Biometric Identity Solutions In A Post-COVID-19 Work Era