nonprofit investment/plan doc options wanted

[TPApril]

Referring a potential client where to invest their funds is not my area of expertise so I'm hoping to get some thoughts. Small nonprofit with no HCE's would like to set up a new 401(k) plan (no current existing plan), no employer monies currently intended to be contributed, just 401(k). Setup cost is not just a concern, like for everyone, but a major concern. is there a recordkeeper out there who will also set them up on a plan document with an adoption agreement that i can point them to?

[ETA Consulting LLC]

If it's a 501©(3) non-profit, I'd suggest a 403(b) and refer them to a financial advisor. They can get hooked up with a 403(b) document, and avoid the ERISA complexitites of a qualified plan (i.e. amendment cycle, and 5500s). Not that this is major stuff, but beats paying annual administration fees to a TPA for nothing more than "keeping the plan qualified".

Just a thought.

Good Luck!