Trustee Agreement - Invest in Your Values

The Social 401K Plan Trustee Agreement:

This form should be completed by the designated Plan Trustee for your company, and must match a named Plan Trustee on the Employer Application.  The Plan Trustee is the person responsible for handling 401K money, answering requests for information, and other fiduciary / legal responsibilities associated with the 401K plan.  A pdf / paper version of this form is available upon request.

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Employer / Company Name:

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Employer / Company EIN:

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Plan Trustee First Name:

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Plan Trustee Last Name:

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Plan Trustee Company Title:

President, CFO, CEO, etc.

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Plan Trustee Phone Number:

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Plan Trustee Cell Phone Number:

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Plan Trustee Email Address:

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Disclaimer:

All information and services provided by Fellow Travelers Inc (doing business as The Social 401K), its subsidiaries, or affiliates is not a substitute for professional advice you would receive from an accountant, attorney, or qualified tax preparer. The information provided by Fellow Travelers does not constitute legal or professional advice nor is it conveyed or intended to be conveyed during any adviser-client discourse. The material and communications provided by Fellow Travelers are not intended to constitute a complete analysis of all tax considerations. Our product is does not absolve all fiduciary responsibilities to participating employers / organizations. Initial set up and first year of annual maintenance fee is nonrefundable and due up front.

You hereby recognize that as a Plan Trustee, you are responsible for following Fellow Travelers group 401K plan rules and procedures, remitting money, and distributing required notices in a responsible fiduciary manner. Nothing within our product or materials transfers any of those fiduciary responsibilities to Fellow Travelers. Plan maintenance is provided by Fellow Travelers. Annual reporting on Form 5500 is required to be sent to the IRS. Ensuring preparation and filing of this report requires information from the company Plan Trustee (officer or owner), as is all other responsibilities of managing the plan and ensuring compliance.

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Employer Responsibilities:

•	Employer accepts the Fellow Travelers 401K plan document & summary plan description and agrees to distribute these documents (electronically or physically) to all eligible employees (i.e. 1 year of service & 1000 hours of service) annually.
•	Employer agrees to send in participant 401k contributions to the 401K plan third party administrator within 5 days of each pay period (i.e. within 5 days of “pay day”).
•	Employer agrees to provide Plan Administrator (Fellow Travelers) with requested information in a timely manner to ensure IRS compliance.
•	Employer agrees to take liability for penalties, fines, losses for failure to perform administrative duties.
•	Employer failure to perform administrative duties (sending in payments, breakdown of payments, distributing SPD's and other required materials, offering elections to employees in a timely manner, complying with Plan Administrator information requests, etc.) will result in termination from the plan.

By clicking the Submit button, I agree to The Social 401K Plan Trustee Agreement.

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By Signing & Clicking the Submit button, I agree to The Social 401K Plan Trustee Agreement.

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