THE SWIFT 401(K)

A safer and easier 401(k) for small businesses.

The Swift 401(k) plan is a low cost turnkey 401(k) solution that aims to mitigate fiduciary liability, reduce administrative costs, and improve participant outcomes.

LESS WORK
We integrate your 401k plan with your payroll account to automate contribution processing and make plan administration easier.
LOWER COST
The Swift 401(k) uses low cost, investment options. Lower investment fees can boost growth for your employees.
LESS LIABILITY
Fiduciary Wise, LLC is the limited scope ERISA 402 named fiduciary and limited scope ERISA 3(16 plan administrator.

The Swift 401(k) plan uses the Multiple Employer Plan (MEP) structure.

A multiple employer plan (MEP) is a 401(k) plan established under 413(c) of the Internal Revenue Code that allows multiple unaffiliated employers to adopt into a retirement plan that is sponsored by a third party who bears the responsibility of administering the plan.

PLAN FIDUCIARY & TRUSTEE
Fiduciary Wise, LLC is the fiduciary and trustee of the Swift 401(k) plan. As fiduciary and trustee they provide fiduciary governance oversight for the management, investments and administration of the plan.
PLAN ADMINISTRATOR & RECORDKEEPER
Future Benefits of America is the plan administrator and recordkeeper of the Swift 401(k). FBA processes payroll data, tracks participant eligibility and produces both online and paper statements for participants and employers. FBA is also responsible for the plan testing and the preparation of form 5500 for each adopting employer.
PLAN INVESTMENT MANAGER
Bell Rock Capital, LLC is an SEC-registered investment adviser and serves as the 3(38) investment manager of the Swift 401(k) plan. Bell Rock is responsible for the investment policy statement and monitoring of the investment options offered within the plan.
PLAN CUSTODIAN
Mid Atlantic Trust Company is the custodian of the plan assets in the Swift 401(k) plan and responsible for making all transactions for the plan. Mid Atlantic has over $50 billion in assets under custody and administration.
PLAN LEGAL ARCHITECT
The legal construction of the Swift 401(k) plan was guided by The Wagner Law Group and its managing director, Ms. Marcia Wagner. Ms. Wagner is a national leader in ERISA and employee benefits law and is consistently voted one of the 100 most influential persons in the 401(k) world by 401kWire.
PLAN ADVISER
The Swift 401(k) Plan is advisor friendly. You are free to work with any advisor you feel comfortable with or we can recommend an advisor.

Adopting employers in the Swift 401(k) can mitigate their responsibilities by outsourcing nearly all plan functions to the MEP providers and trustee.

Duties Fulfilled By MEP Providers and Trustee
3(16) Fiduciary Liability: Plan Administration and Operation
3(21) Fiduciary Liability: Hiring/Firing/Reviewing Service Providers
3(38) Fiduciary Liability: Investment Management/Fund Selection
Create and maintain the formal plan document
Name a Trustee
Form committee to review, monitor, hire & fire service providers
Provide annual Summary Plan Description to participants
Maintain beneficiary forms
Provide educational materials
Monitor participation eligibility for employees
Generate and distribute participant statements

Insure contributions are maintained within IRS limits
Perform compliance testing (ADP Test, Tope Heavy, 410(b))
Execute and collect participant loans
Administer hardship withdrawals
Handle Qualified Domestic Relations Orders (QDRO’s)
Determine and administer required minimum distributions
Handle terminations, rollovers in, and rollovers out of the plan
Issue 1099’s for distributions to participants
Periodically review/remove/replace investment lineup members
Prepare form 5500
Sign and electronically file form 5500

Duties Fulfilled by Employer
Exercise due diligence in the selection of the Swift 401(k) plan
Obtain ERISA/Fidelity bond
Select auditor for annual plan audit (Applicable if adopting employer has over 100 plan participants)
Upload contribution file after each payroll

Investment Options

Participants can choose from the following investment options to build their own diversified retirement portfolio.

Peer Group Name Ticker Expense Ratio
Money Market Vanguard Prime Money Market Inv VMMXX .16
Ultrashort Bond Federated Ultrashort Bond Institutional FULIX .37
Short Term Bond iShares 1-3 Years Credit Bond CSJ .20
Inflation Protection Bonds Schwab U.S. TIPS ETF SCHP .07
Intermediate Term Bond JPMorgan Core Plus Bond R6 JCPUX .41
Long Government Bond iShares 20+ Year Treasury Bond TLT .15
Corporate Bond Vanguard Intermediate Term Corp Bond ETF VCIT .12
World Bond PowerShares International Corp Bond ETF PICB .50
High Yield Bond Lord Abbett Bond-Debenture I LBNYX .62
Large Cap Value Stocks Vanguard Value ETF VTV .09
Large Cap Blend Stocks Vanguard S&P 500 ETF VOO .05
U.S. Total Stock Market Vanguard U.S. Total Stock Market Index ETF VTI .05
Large Cap Growth PowerShares QQQ ETF QQQ .20
Mid Cap Value Vanguard Mid Cap Value ETF VOE .09
Mid Cap Growth iShares Russell Mid Cap Growth IWP .25
Small Cap Value Vanguard Small Cap Value ETF VBR .09
Small Cap Growth Vanguard Small Cap Growth ETF VBX .09
World Stock DFA Global Equity I DGEIX .31
Europe Stock WisdomTree Europe Small Cap Dividend ETF DFE .16
Foreign Large Blend Vanguard FTSE Developed Markets ETF VEA .09
Foreign Small/Mid Value WisdomTree International Small Cap Div ETF DLS .58
Emerging Markets Vanguard FTSE Emerging Markets ETF VWO .09
Real Estate Schwab US REIT ETF SCHH .07
Consumer Defensive Guggenheim S&P 500 Equal Weight Consumer Staples RHS .40
Natural Resources Materials Select Sector SPDR ETF XLB .14
Technology PowerShares NASDAQ Internet ETF PNQI .60
Financial SPDR S&P Regional Banking ETF KRE .35
Consumer Cyclical Vanguard Consumer Discretionary ETF VCR .12
Health PowerShares Dynamic Pharmaceuticals ETF PJP .56
Industrials iShares US Aerospace & Defense ITA .43
Lineup Average .25

Vanguard Target Retirement Funds

Participants can choose from the following target retirement funds for a more hands off approach. Each of the Target Retirement Funds invests in Vanguard’s broadest index funds, giving you access to thousands of U.S. and international stocks and bonds, including exposure to the major market sectors.

Peer Group Name Ticker Expense Ratio
Target Date 2015 Vanguard Target Retirement 2015 Fund VTXVX .16
Target Date 2020 Vanguard Target Retirement 2020 Fund VTWNX .16
Target Date 2025 Vanguard Target Retirement 2025 Fund VTTVX .17
Target Date 2030 Vanguard Target Retirement 2030 Fund VTHRX .17
Target Date 2035 Vanguard Target Retirement 2035 Fund VTTHX .18
Target Date 2040 Vanguard Target Retirement 2040 Fund VFORX .18
Target Date 2045 Vanguard Target Retirement 2045 Fund VTIVX .18
Target Date 2050 Vanguard Target Retirement 2050 Fund VFIFX .18
Target Date 2055 Vanguard Target Retirement 2055 Fund VFFVX .18
Lineup Average .17

Professionally Managed Portfolios

Let a professional manage your investments. The investment choices below are asset allocation portfolios that have been constructed by the investment manager of the Swift 401(k), Bell Rock Capital, LLC. The models are actively managed and rebalanced to maintain the portfolio’s risk/reward characteristics.

brc-logo

Bell Rock serves as the plan’s ERISA 3(38) or 3(21) and is responsible for the oversight and approval of Investment Selection. Bell Rock is a national firm which provides advisory services to plans and banking institutions on investment holdings. Disclosures.

 

Peer Group Name Expense Ratio
Conservative Allocation BRC Capital Preservation Portfolio .68
Conservative Allocation BRC Conservative Portfolio .75
Moderate Allocation BRC Balanced Portfolio .73
Moderate Allocation BRC Moderate Portfolio .77
Aggressive Allocation BRC Aggresive Portfolio .78

The Swift 401(k) plan can be customized to meet your needs.

Each client completes their own adoption agreement and can choose their own vesting schedule, eligibility requirements, whether or not loans, hardship withdrawals, or pre-retirement distributions will be permitted, whether or not the company will make matching contributions, and more.

Ready to get started? Let’s see if the Swift 401(k) is right for your business.

The Swift 401(k) plan is a low cost, turnkey retirement plan service for small and medium sized companies. Contact us today to learn how you can offer the Swift 401(k) plan at your company!

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