The Platinum 401k, Inc.
Financial ServicesFlorida, United States11-50 Employees
The Platinum 401k, Inc. is a financial services company based in Clearwater, Florida, that provides outsourced retirement plan administration with a focus on fiduciary oversight for 401(k) programs. Its offerings include trustee services, independent 3(38) investment fund selection and oversight, and comprehensive compliance support such as Form 5500 preparation and annual testing, alongside oversight of 404(a)(5) and 408(b)(2) notice requirements. The firm positions itself as an independent, fee-for-service provider capable of working with a variety of major service providers, aiming to tailor programs to a company’s needs and its participants by partnering with local advisers. The organization serves employers seeking to delegate the fiduciary duties and day-to-day responsibilities associated with running retirement plans, emphasizing cost-effective solutions and standard compliance tasks. A recent development noted in industry news is that Daybright Financial, LLC acquired The Platinum 401k, Inc., signaling a change in ownership while the firm continues to operate in retirement plan outsourcing. The company operates within the financial services sector and targets mid-sized to larger organizations that require professional oversight of their retirement plans.
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