In the last several years the Department of Labor has taken steps to put policies and procedures in place that are focused on protecting clients and retirement plan participants by requiring advisors to be more transparent in every aspect of their relationship with their clients. Requiring advisors to work in the best interest of their clients is a mandate in the industry that we applaud and welcome.

Following are some of the steps we take to work in the best interests of employers and employees who participate in company retirement plan:

  • We help create and monitor a plan’s investment lineup and Investment Policy Statement via 3(21) investment services
  • We assist with the plan design in partnership with the service provider
  • We conduct an annual review meeting onsite with the plan sponsor to assure compliance with ERSIA, including a thorough review of investments, fees, participant activity, adherence to fiduciary responsibilities, and assessment of service providers.
  • We help create a fiduciary file of the most recent plan documents to ensure that your plan is in compliance and up-to-date.

These a just a few of the things we do to ensure that the 401(k) plans we serve are compliant and focused on helping plan participants take the necessary steps to become retirement ready. Well-designed 401(k) plans also benefit employers who want to retain valuable employees.

We count it a privilege to serve employers who have entrusted us to guide them as they strive to grow their businesses and provide benefits that help motivate and retain their valuable employees.