Insperity 401(k) Plan

The Insperity 401(k) Plan removes burdens of plan sponsorship, while providing employees with access to a diverse line up of investment choices. This plan is available to Insperity® Workforce Optimization® clients.

Relief from plan sponsorship and fiduciary responsibility

As plan sponsor, Insperity assumes the responsibilities inherent in plan sponsorship, including fiduciary obligations. This means you can focus on your business because you don’t have to worry about paperwork, reports or problems that may arise related to the plan.

Investment line-up selected, monitored by Reliance Trust Company

Experts at Reliance hand pick and monitor a broad range of diversified investments for strong performance. More than $4 billion in assets makes it possible to include share classes with lower costs, helping participants keep more of their contributions.

Costs significantly lower than industry average

Employees enjoy a superior retirement savings plan because 12b-1 fees are used to offset plan expenses.

The Insperity 401(k) Plan undercuts average industry fees by 40-60 percent, according to comparisons with data provided by the 401k Averages Book.*

Employer and participant costs are 54% lower in the Insperity 401(k) plan

*(c) 401k Averages Book. Data licensed from the 401k Averages Book. All rights reserved. 401k Averages Book shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Learn more about the Insperity 401(k) plan.
The benefits of Insperity 401(k) plans

Elimination of your day-to-day 401(k) tasks

We take care of everything. We already have your data because you’re a Workforce Optimization® client. You won’t be bothered with sending payrolls, tracking eligibility or approving QDROs and loans. Insperity deposits all contributions; distributes all participant communications; and prepares and submits IRS Form 5500. And your 401(k) information is integrated with payroll.

As plan sponsor, Insperity takes care of the following:

  • Making timely 401(k) plan deposits
  • Tracking eligibility, terminations and enrollment
  • Calculating employer matching contributions
  • Submitting contributions and loan payments into payroll
  • Authorizing loans and hardship withdrawals
  • Reviewing QDROs
  • Preparing annual census data
  • Filing IRS Form 5500
  • Monitoring legislation
  • Fielding employee inquiries
  • Monitoring investment advisors
  • Executing timely plan amendments
  • Procuring annual plan audits
  • Distributing required participant communications
  • Securing a plan trustee

Easily tailored to your business

The Insperity 401(k) Plan is configured with standard features and popular options for small and medium-sized businesses, including:

  • Various eligibility options
  • 100 percent immediate vesting
  • Pre-tax and Roth contributions
  • Optional automatic enrollment
  • Flexible employer contribution options
  • Loans and in-service withdrawals

With the Insperity 401(k) Plan, employees will get access to:

  • Easy online enrollment, contribution elections and investment changes
  • Paperless loan and distribution requests
  • Mobile app to view account information
  • Interactive retirement readiness tools and educational materials
  • Investment guidance from ProNvest (fees may apply)
  • Contact center support with knowledgeable specialists

Costs significantly lower than industry average

Your employees enjoy a superior retirement savings plan because the costs for plan administration are shared between clients and participants rather than participants bearing all the costs. In addition, 12b-1 fees are used to offset plan expenses.

Full Payroll Integration

Insperity’s 401(k) data is fully integrated with payroll to automate plan administration and ensure accuracy on employees’ paychecks. And with next-day remittance, 401(k) contributions are invested quickly so they can start growing faster.

Still have questions about the Insperity 401(k) plan?
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