Do you feel that you fully understand all of your obligations as a 401k plan provider even if you have outsourced your plan?Are you confused about recent disclosures that you have received from your current provider about plan fees?Were you shocked by the fees you have recently discovered in a plan that you thought was “free”?Do you know what your plan is costing you personally as the business owner?Have you been limited in the amount that you personally can contribute to your plan?Have you been told that certain options are not available to you because your plan is “too small?”If any of these questions resonate with you, we may be able to help! Our services help you identify ways to improve your plan and lower its cost. Here’s how we help:
We offer you a review of key areas of your plan in an easy to understand format. By documenting the current fees and costs as well as the services being provided, we can clearly identify how you measure-up compared to thousands of plans nationally that share your plan demographics.
Often our clients are not aware of their obligations to evaluate and monitor the investments in their plan. We help clients put a best practice process into place for investment evaluation and monitoring. Lowering the overall plan costs and improving investment options is simple, but analyzing the correct mix of investment classes and options is not. We share this responsibility with you as a 3(21) Fiduciary for your retirement plan. If you would rather outsource this responsibility entirely, our independence affords us access to many of the industry’s leading discretionary 3(38) investment fiduciaries. We will work with you to determine the most appropriate solution for your plan.
Many businesses suffer from low participation rates or find themselves employing aging workers because they do not have enough saved for retirement. We provide in person education for employees that help them better understand the benefits of the plan to them and improve participation. We team with the owners of the business to help their employees become Retirement Ready.