The retirement plan industry is experiencing a whirlwind of regulatory changes that could drastically affect your company by exposing you to new fiduciary requirements
One regulation, 408(b)(2), has recently dominated the airwaves. This new regulation came into affect in 2012 and requires business owners to know and understand all fees associated with their sponsored plan.
Why should you care?
Not only will you, as the business owner, hold the fiduciary responsibility of selecting the best plan service provider but you will be held accountable to identify, understand and determine if your plan fees are “reasonable”.
Through Our Retirement Plan Services:
You can receive a full comprehensive third party fiduciary review at NO COST AND NO OBLIGATION wile only taking up 30‐45 minutes of your time. As reference, comparable reviews and analysis can take hours of time with costs of $1,500 or more.
What is a third party fiduciary review?
The Retirement Plan Analysis is an all‐encompassing fiduciary review meeting that lifts open the hood of your retirement vehicle, provides full fee transparency and benchmarks your current program against leading service providers in the industry.
What’s the catch?
Truthfully, there is no catch. This review will be an efficient use of your time (30 to 45 minutes) and will greatly help your firm reduce your fiduciary risk. Rest easy at night knowing that you have reviewed your retirement plan and its prudence and have the best interest of your employees at heart! REGAIN YOUR PEACE OF MIND!
What do we need?
We understand that your time is valuable. So we ask that you please provide the following three easily accessible documents:
What should you do?
Give us a call. We guarantee you will not be disappointed!
Contact Ric Komarek @ 530.232.5158
Why should you care?
Not only will you, as the business owner, hold the fiduciary responsibility of selecting the best plan service provider but you will be held accountable to identify, understand and determine if your plan fees are “reasonable”.
Through Our Retirement Plan Services:
You can receive a full comprehensive third party fiduciary review at NO COST AND NO OBLIGATION wile only taking up 30‐45 minutes of your time. As reference, comparable reviews and analysis can take hours of time with costs of $1,500 or more.
What is a third party fiduciary review?
The Retirement Plan Analysis is an all‐encompassing fiduciary review meeting that lifts open the hood of your retirement vehicle, provides full fee transparency and benchmarks your current program against leading service providers in the industry.
What’s the catch?
Truthfully, there is no catch. This review will be an efficient use of your time (30 to 45 minutes) and will greatly help your firm reduce your fiduciary risk. Rest easy at night knowing that you have reviewed your retirement plan and its prudence and have the best interest of your employees at heart! REGAIN YOUR PEACE OF MIND!
What do we need?
We understand that your time is valuable. So we ask that you please provide the following three easily accessible documents:
- Service Agreement with your current provider (AKA a Vendor Contract)
- Enrollment Kit to new hires (AKA Enrollment Packet)
- Hard dollar costs typically paid in a plan year (what do you write a check for)
What should you do?
Give us a call. We guarantee you will not be disappointed!
Contact Ric Komarek @ 530.232.5158
401k & 403b Services
- Provider Review, Search, Selection and Implementation/Conversion
- Assess current retirement plan needs and objectives
- Evaluate plan design options
- Assist in the identification of an appropriate provider
- Total cost analysis and projection of all the vendors surveyed
- Written report and analysis of approximately 35 pages, prepared by us
- Two RFP discussion presentations to Client of up to two hours (each)
- Ongoing evaluation of retirement plan needs
- Provide Investment Policy Statement
- Provide legislative and regulatory updates (for example Roth 401(k), PPA 2006, 408(b)2)
- Serve as primary contact for Plan Sponsor
- Assist with annual retirement plan review: plan diversification, participation and deferral rates, service experience, review of plan investment options, review of plan fees
- Coordinate on-site enrollment and investment education meetings.
- Sample memos, correspondence, and other employee communications materials
- Meetings presented by plan vendor representatives