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Qualified Plan Services

Your Company’s 401(k) Plan

dv2171019Selecting and sponsoring a 401(k) plan can be complicated, require a great deal of time and expertise, and place legal responsibilities on the business owner as the plan’s fiduciary.

In addition, plan participants are most likely seeking assistance in understanding how they may utilize the plan to help achieve their retirement planning goals.

Our experienced financial advisors work closely with plan sponsors to effectively address plan sponsorship issues, goals, and objectives.

Our experienced financial advisors help evaluate, select, monitor, and support company 401(k) plans.

 
We assist plan sponsors by:

  • Establishing a defined process to screen and select plan investments
  • Evaluating and selecting service providers, fees, and investment choices
  • Providing well-documented investment reviews and processes
  • Assisting in establishing an investment policy statement
  • Communicating plan information, updates, and changes to employees
  • Providing employee education services
  • Offering employee retirement planning services
  • Providing employee investment advice
  • Helping establish and maintain an audit file
  • Educating plan sponsors on their fiduciary responsibilities

Retirement Plan Fiduciary

401k_imageThe Employee Retirement Income Security Act (ERISA) was enacted to help protect participant retirement savings by governing the operation and investment of most private sector retirement plans.

Individuals responsible for managing retirement plan operations and the investment of retirement funds are called fiduciaries. They are required to act in the best interest of the plan and its participants and are held to extremely high standards.

Under ERISA’s “prudent-person rule,” a plan fiduciary that is not qualified to make informed investment decisions must seek expert assistance.

Most plan sponsors do not have the time or expertise to find the right provider or identify the right investments.

 
Compliance to these rules doesn’t have to be stressful.

Simply work with our financial professionals who understand the rules, as well as a quality service provider, and act in accordance with the basic principles of fiduciary duty.


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In today’s regulatory environment, managing fiduciary responsibility is no easy task.

We understand the factors involved in selecting and monitoring 401(k) plan providers and investments to help ensure an effective and successful plan.

 
401(k) plans require ongoing plan management to ensure plans remain current with new legislation and complex rules, monitoring of the plan provider, reviewing fees to ensure they are reasonable, and maintaining a well-documented process to demonstrate that legal obligations are fulfilled.


Contact us today to learn how we can help you provide a More Effective 401(k) Plan ❯

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