Case Study: a growing healthcare company achieves 50% annual 401(k) recordkeeping savings with Newfront

Eliminating Retirement Frustrations for a Growing Healthcare Company

A growing healthcare company came to Newfront Retirement Services with a 401(k) plan that had become a source of frustration. Their existing recordkeeper could not scale with the company's rapid growth, the platform had limitations, and the plan's cost was well above the benchmark for the market.

Newfront implemented a solution by providing a detailed comparison of recordkeepers, leading the client to transition their plan to Fidelity. The Newfront Conversion Team managed the entire process, correcting prior recordkeeping errors and ensuring a smooth setup. This resulted in the client saving an estimated 50% annually on recordkeeping costs while eliminating the administrative burdens of their previous plan.