Questions to Ask Yourself

Are you a plan fiduciary, trustee or sponsor? Do you have an executive management or financial management responsibility to your company? Are you a human resources influencer for your organization?

Are you satisfied articulating the following to your current plan participants?:

• Do I really understand the 401(k) market?

• Who is actively monitoring my 401(k) plan?

• When was the last time we benchmarked our plan?

• How much is my plan paying in hidden fees?

• Who is performing ongoing due diligence of the funds?

• How do our returns compare to the market?

• What are we doing to enhance investment opportunities?

• When did we have our last trustee plan review meeting?

• When was our last enrollment meeting?

• Do we offer continuing financial education to employees?

• Are we ERISA 404(a) and 404(c) compliant?

• Do we have an investment policy statement?

• Are plan fiduciaries considered investment experts?

• Do we have our documents in order for the DOL and IRS?

• Can fiduciaries really be held personally liable?

We’re always available, please contact us at 401(k) Professionals and we’d be happy to see if we can help you!