Employee Fiduciary is a retirement provider managing 4 retirement retirement accounts. These tax-advantaged accounts transfer by beneficiary designation—not by will—making it critical to keep designations current and aligned with broader estate planning goals.

Beneficiary designations at Employee Fiduciary can be managed online, by mail, and by phone, typically taking 10-15 minutes online; 15-30 minutes by mail. Trust funding is also available, allowing families to name a trust as the beneficiary of retirement accounts.

Employee Fiduciary provides specific procedures for both proactive estate planning and filing claims after a death.

Preparing your estate

Beneficiaries and trust funding

How to manage beneficiaries online, fund a trust by mail, and review 4 account types at Employee Fiduciary.

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When someone dies

Death claim process

7-step process, 7 required documents, and contact information for survivors.

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Frequently asked questions

Log in to the participant portal at myplanprovider.com/efc to update your beneficiary designations online. You can also call the participant support line at (877) 401-5100, extension 1 (Monday-Friday, 8:00 AM - 5:00 PM CST), email support@employeefiduciary.com, or contact your plan sponsor. You can name primary and contingent beneficiaries, including trusts, and specify percentage allocations.

For standard 401(k) and Safe Harbor 401(k) plans, Employee Fiduciary charges a base annual fee of $1,500, which covers up to 30 eligible employees. Each additional employee adds $30 to the base fee. An annual custody fee of 0.08% of plan assets also applies. The one-time establishment fee is $500 for new plans or $1,000 for conversions. Solo 401(k) plans have a $500 annual base fee with a $250 establishment fee for new plans or $500 for conversions. There are no revenue sharing fees, wrap fees, or hidden costs. Approximately 80% of clients pay administration fees from a business account (tax-deductible) rather than plan assets.

Employee Fiduciary provides access to nearly 30,000 NSCC-tradeable funds across 377 fund families, including low-cost index funds and ETFs from Vanguard, Fidelity, Schwab, and BlackRock. Investment options are offered without markup. ETFs trade at $0.01 per share. Employers can customize their plan's investment menu to include any fund that is open to new investors and meets minimum funding requirements. A Self-Directed Brokerage Account (SDBA) is also available through Charles Schwab's Personal Choice Retirement Account (PCRA) for $100/year ($25 quarterly), providing access to additional funds, stocks, and bonds beyond the standard lineup.

For ERISA-covered qualified retirement plans such as 401(k) and 403(b) plans, federal law requires written spousal consent when naming someone other than your spouse as the primary beneficiary. This applies to all Employee Fiduciary-administered plans subject to ERISA. Solo 401(k) plans for owner-only businesses may have different requirements depending on the plan document.

Log in to the participant portal at myplanprovider.com/efc. From the portal, you can view your account balance, review on-demand statements, run reports for any date, view pre-generated quarterly statements, and manage your beneficiary designations. If you have forgotten your username or password, select the "Forgot User ID or Password" option on the login page. For additional assistance, call (877) 401-5100, extension 1.