Retirement Plan Exchange

A Retirement Solution for Small Businesses

What is The Retirement Plan Exchange?

The Retirement Plan Exchange (the Exchange) is a solution for small- to mid-sized businesses that allows you to offer a retirement plan to your employees that the Bixby Metro Chamber of Commerce offers as an additional benefit to our members. We designed the Exchange to reduce your administrative burden, transfer certain risks, and reduce the overall plan cost.

The Exchange brings together a team of professionals on your behalf so you can focus on

What's the cost?

CHAMBER FEES
  • Marketing & administration fee: $475
PLAN SERVICE FEES (paid by Employer)
  • One-time installation fee: $750
  • Annual administration fee: $1,000
  • Competitive asset-based fee: Refer to Exchange pricing summary
PARTICIPANT SERVICE FEES (deducted from participant assets)
  • Annual participant fee: $22

Who do I contact?

Nick C. Hoffmann, CPFA
President, Hoffman Wealth Management Registered Principal, LPL Financial
8 East Dawes Avenue, Bixby, OK 74008
918.369.8007 | 918.369.3075 fax
This email address is being protected from spambots. You need JavaScript enabled to view it.

How does it work?

Sponsoring a 401(k) retirement plan brings with it many responsibilities. When you sponsor a retirement plan under the Exchange, you become a participating employer. The Exchange pulls together all the important parties to help you manage your retirement plan:

RECORDKEEPER | TRANSAMERICA

  • Recordkeeping
  • Call center
  • Distribution of required notices
  • Education/retirement readiness

FINANCIAL ADVISOR | LPL Financial

  • Provide employee investment education and communication
  • Help plan sponsors determine plan objectives, plan design and monitor plan statistics
  • Provide plan reviews

TPA & 3(16) | DWC – The 401(k) Experts

  • Plan document services
  • Compliance testing/Form 5500
  • Defined contribution and defined benefit plan design/consulting
  • Authorize loans/distributions
  • Engage certain providers

3(38) | Resources Investment Advisors

  • Select and monitor funds in the investment menu
  • Unbiased investment research and advice (no proprietary products)


Presenting Sponsor


Mailing Address
PO Box 158
Bixby, OK 74008

Physical Address
12800 South Memorial Drive,
Suite F. Bixby, OK 74008

Phone: 918-366-9445
Fax: 918-366-9443

Hours of Operation
Monday – Thursday: 9:00AM – 4:00PM
Friday: 9:00AM – 12:00PM


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