Plans & Services
The UBG 401(k) plan is a way participating co-ops further help their employees prepare for “what happens after they stop working.” If you think of ideal financial readiness for retirement as a three-legged stool, when combined with Social Security income and your RetireMint benefit, the 401(k) plan can serve as the third leg of readiness. Advantages include:
- 401(k) plans offer high contribution limits (increased to $23,500 in 2025), with extra contributions allowed for workers nearing retirement.
- Many company 401(k) plans generously match participant contributions, effectively boosting employees’ retirement funds.
- 401(k) plan participants have the flexibility to choose where their funds are invested in the stock market.
UBG partners with intellicents and Empower to deliver world-class benefits for your co-op.
Serves as 3(16) Plan Administrator, sharing fiduciary responsibility with the Plan Sponsor in the administration of the 401(k) plan.
3(38) Fiduciary and top-tiered Registered Investment Advisor (RIA)
Empower is a top three 401(k) recordkeeper in the US.
- Supports HR/office staff/co-op management in administering plan
- Signs and files Form 5500
- Assists with 401(k) annual census and questionnaire, 401(k) audits, payroll corrections, etc.
- Sends payroll data to Empower and pushes it through for ACH payment
- Manages fund line-up for UBG 401(k) plan
- Combines all UBG 401(k) participants for lower fee Institutional Fund pricing
- Provides no-cost investment advice to UBG 401(k) plan participants
- Fully transactional mobile experience
- Multiple-levels of security to keep financial data secure
The power and convenience of one.
1
System and source of truth
for administrative oversight
1
Payroll upload and fewer
steps for HR Managers
1
Website and password
for participants