What to Expect
There are many issues to consider when making the important decision on who your trusted retirement advisor should be.
As an employer and sponsor of a 401(k) plan, your company shoulders a major responsibility. You must listen to the needs of your employees and then select the appropriate plan administrator at a reasonable cost, determine the optimal plan design provisions, choose and monitor investments, keep up with legislative changes, ensure your plan is administered properly, and educate and inform plan participants. All of this hopefully results in a plan that inspires participants to reach their retirement dreams, while helping you recruit and retain valuable employees.
How do you know if your company is meeting these challenges? How do you select a plan administrator or investments – what are the criteria? How do you know if your plan is working? Does your company have the resources to handle these responsibilities alone?
Unless your company has the individuals on the payroll with 401(k) expertise who are dedicated to managing your employee retirement plan, you should consider 401(k) Professionals as your trusted retirement advisor who specializes in 401(k) plans and is as dedicated to listening to your needs as you are to listening to your employees’. In essence, you need a knowledgeable 401(k) consultant who will represent you to the 401(k) marketplace and place you first.