Retirement Plan Services/401(k)

At First American we’re more than your retirement plan provider; we’re your retirement plan partner - a partner that shares your vision and is dedicated to your success; a partner that provides personal, responsive service and helps you develop an approach that’s right for your company.

At First American your company is the center of attention…and the financial well-being of your employees is our first priority.

Not only are we committed to helping our customers achieve their financial goals, our size and management philosophy allow us to provide you with the best of both worlds: the same sophisticated, cutting-edge products offered by larger institutions, coupled with the personal attention only a smaller institution can provide.

Fund Performance and Monitoring
Our stringent criteria for fund selection provides your plan with consistently strong performance when compared to peer funds in the marketplace. We partner with an independent consulting firm to bring our clients up-to-date fund analysis and review, substituting menu options when funds fail to measure up. Our managed approach to Target-Risk Funds provides an edge to other providers' one-size-fits-all approach.

By placing a strong emphasis on compliance and the regulatory environment, our relationship managers are able to act as consultants for their plan sponsors. The competition tends to focus only on performance, while ignoring the importance of operational compliance and sophisticated plan design.

Local Control
Most small businesses have been tossed from one recordkeeper to another as the retirement plan industry continues to consolidate. Our ability to offer a truly bundled product is an important source of differentiation in the small plan market. Our complete program – from fund choice to educational materials – is tailored to the specific needs of your workforce.

Competitive Pricing
We bring a level of service and expertise found at high-priced consulting firms, but our fees remain competitive in the smaller markets we serve.

Experienced Professionals
Our Employee Benefits team has an average of 12 years experience in pension consulting, administration and plan recordkeeping, supported by an Investment Department with an average of 15 years experience in the financial industry.

We offer the following services:

  • Pension Protection Act (PPA) Compliance
  • Qualified Default Investment Alternatives (QDIA)
  • Automatic Enrollment Features
  • Roth 401(k) Provisions
  • Correction Options for Compliance Failures
  • Cost Analysis/Fee Disclosure
  • Target-Risk Model Portfolios
  • Fiduciary Responsibility Assistance
  • Employee Education and Communication

To learn more about our approach, or to inquire about a proposal for our Retirement Plan Services, please contact us at (847) 403-8094.

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