401K

Save on yearly administration costs, and reduce your liability! Cardinal offers a multi-employer 401(k) retirement savings plan through Lincoln Financial Group.

401k-nest-egg This plan is operated by Cardinal and is designed to allow clients and their employees to invest a portion of their gross income into a tax sheltered mutual fund. Cardinal takes on the administrative responsibilities for the plan and manages employee/employer contributions to Lincoln. This plan is flexible in that it allows clients three (3) plans to choose from and it allows employees a full range of investment options with Lincoln. In some cases, we can develop a specific 401(k) plan for our clients, which can include profit sharing and other options. Cardinal does not contribute to the plan.

IF YOU ARE AN EMPLOYER WHO SPONSORS YOUR OWN 401(K) PLAN,
YOU ARE PUTTING YOURSELF AT FINANCIAL RISK THAT CAN BE AVOIDED.

If you’re a fiduciary for your company’s 401(k) plan, you need to know that you have significant liability that extends to your personal assets, and is typically not protected by liability insurance coverage. Your 401(k) vendor has limited fiduciary liability for your plan. It is a common mistake that employers assume since they use a recognized 401(k) vendor, that their vendor is handling all compliance issues on their behalf. In today’s economy, many 401(k) plan fiduciaries are a target for litigation from employees, looking to sue due to the poor performance of their 401(k) plan. In the last decade alone, there have been over 10,000 lawsuits initiated against plan sponsors who’ve failed to adhere to
ERISA Guidelines.

CARDINAL 401(k) IS THE SAFEST ALTERNATIVE IN RETIREMENT.

Cardinal consolidates all of your needs into one easy solution, and frees you from the burden of 401(k) liability. Cardinal becomes Fiduciary, Administrator, Sponsor, and Trustee. We design and maintain the 401k plan document and keep up with all applicable laws and provisions. We become administrator and process contributions, loans and distributions, and 401k plan provisions. We provide information and education to plan participants in compliance with ERISA, and conduct annual audit of 401k plan and reconcile any participant account balances and file all necessary forms. Our clients maintain plan design flexibility for employee match, vesting, and profit sharing, without having to deal with never ending paperwork and regulations they would incur dealing with their own vendors.

Cardinal 401K Pricing

Plan Document Setup: $600*
* This fee may be waived for volume submitters and HRSuite clients making an employer contribution
Annual Administration and Reporting Services: $750

Madrone Kitchens Company

"Cardinal helps make our job as owners much easier. We use their payroll services, however, they offer a complete line of solutions -- They’re always willing to go the extra mile! Just an all-around great crew. We would recommend Cardinal to all businesses out there, they just make your job EASIER!!"

Helena Darling

Owner

www.madronekitchen.com/
Dr. Roger Sims, DDS

"We are very pleased with Cardinal Services! I NEVER have to wait for a response and any question that I have is always promptly answered. They truly take good care of Dr. Sims and our staff! I have never regretted the move to your company and the ease with which Cardinal helped us to make the transition! Thank you!"

Anne Mills

Manager
www.oregoncoastperiodontics.com
The Old Pad

“As a first time business owner streamlining administrative details such as payroll, recruitment, workers' compensation, and accounting with Cardinal allows me to focus on my day to day operations. Having an advocate like Cardinal, means having an advantage over the competition.”

LaMonte Cherrick
Owner/Operator
Hansen-Larson

"Hiring Cardinal was one of the best business decisions we made. I simply send an email each month with our employees’ hours and the rest is taken care of; No need to worry! Rather than getting bogged down in the business side of a law practice, we can spend our time focusing on what really matters – our clients."

Kristin Larson

President

www.hansen-larson.com
Interior Office Concepts

"I have been utilizing Cardinals services for several years and have been extremely pleased with their professionalism and customer service! It is a huge weight off my business to have Cardinal. I've used other companies in the past and know that Cardinal is superior in all that they offer! Time is critical to business owners and Cardinal 'gets that'!"

Michelle Steffens

Owner

www.interiorofficeconcepts.com
Discover Sunriver Vacation Rentals

“Outsourcing to Cardinal has created efficiency for our firm with payroll, employee screening, and Human Resource expertise. Cardinal has taken the worry and headache of having employees away while keeping our operation compliant and up to date with employment law.”

Larry Browning
Owner/Operator
discoversunriver.com
Deschutes Dental Care

“Partnering with Cardinal Services and leasing our employees has allowed our practice to focus on the things we do best. They free us up to concentrate on our primary mission which leads to more revenue for our practice.”

Phillippe Freeman, DMD
Owner
freemansmiles.com
Carson-Davis Oil Company

“The professional services Cardinal offers are a valuable asset to our company. They have drastically reduced the time and stress of locating, screening, and hiring new employees. The services and staff are top-notch. Simply put, Cardinal makes it easier to be an employer.”

Chris Davis
General Manager
carsonoil.com
FCC Commercial Furniture

“Cardinal will find out how you do business, what you look for in people, and then develop a framework specifically for you. They cater to their clients. Cardinal doesn't do business, they build a relationship.”

Preston O'Hara
Human Resources Manager
fccfurn.com
Web Marketing, Inc.

"Through Cardinal I can offer the benefits of a large company even though we are fairly small. Plus, it's like having a full service HR department at your fingertips. Best idea I've come up with in a while is to use Cardinal.”

Jack Brown
Owner/Operator

Every month, Cardinal Services sends out a newsletter to a select group of our clients and other interested businesses. These newsletters contain useful and timely HR related news for business owners and HR managers.

news

Would you like to get our monthly newsletter email list? Email to advisor@cardinal-services.com

Flexible Spending Account

Flexible Spending Accounts (FSA’s) are among the nation’s leading employer‐sponsored benefit programs and provide significant tax‐savings.

For employees, a pre‐tax reimbursement plan creates an instant savings of nearly 30%. By offering a FSA program, you greatly enhance your employee benefits package, which helps you attract and retain motivated employees.
401(k) Solutions

IF YOU ARE AN EMPLOYER WHO SPONSORS YOUR OWN 401(K) PLAN, YOU ARE PUTTING YOURSELF AT FINANCIAL RISK THAT CAN BE AVOIDED.

Join our multiple employer plan and consolidate all of your needs into one easy solution. We free you from the burden of liability as cardinal becomes fiduciary, administrator, sponsor, and trustee.
Onsite HR Trainings

Our training programs are tailored to meet your company’s needs.

Examples INCLUDE:

Conflict Management, Effective Hiring, Performance Evaluations, Effective Leadership, Motivating/Recognizing Employees, Supervisory Skills, Labor Law Updates, Davis Bacon Certified Payroll, and more.
Vision Benefits

As employers continue to struggle with the task of guiding employees to healthier lifestyles and a more proactive approach to preventive medicine, they might find some help from an unexpected source: VISION BENEFITS!
By examining the eyes, an optometrist can often detect symptoms of chronic conditions in a pre-symptomatic stage. Cardinal's vision insurance plan covers annual exams, and lenses/contacts. Co-Pay Benefit limits apply.
Workers' Compensation Coverage

We have flexible pay as you go options that reward those businesses with a great claim history, and special plans for those businesses that have had some bad experiences.

Plans are available in both employee leasing and individual policy situations.

Thanks for visiting www.cardinal-services.com! Contact us at (800) 342-4742.