WE ARE YOUR PARTNER
Offering a 401(k) Shouldn’t Be a Liability
A company-sponsored retirement plan is one of the top ways to attract and retain quality employees. Unfortunately, many business owners fail to realize the challenges and complexities involved in designing, administering, and maintaining their plans.
A plan sponsor is ultimately responsible for choosing the right investments, monitoring fees, creating reports and filing tax forms. They must also handle plan administration, including tracking employee eligibility and vesting, processing contributions, distributions, and loan requests, holding employee education and enrollment meetings, and more.
Without the right team in place, the plan quickly becomes an unwanted burden, creating a serious liability for them and their business.
That’s where we come in. At FiduciaryShield, we take care of the details, so they can focus on what they do best.
What Makes Us Different?
Lower fees.
We help keep costs low for the employees, so everyone’s dollar goes further.
Transparent pricing.
Meet fiduciary requirements by knowing up-front exactly what is charged, to whom, and why. No surprises.
Design flexibility.
We evaluate multiple plan options and create the perfect combination for their unique needs.
ERISA guidelines are about careful consideration shown to the benefit of the participant
Is Your Client a Fiduciary to the 401(k)?
- Do they own a business that offers a 401(k)?
- Are they listed as the plan sponsor or administrator of a 401(k)?
- Were they part of a committee that selected the 401(k) providers or advisors?
- Did they recommend any advisors, plan features, or service providers for the 401(k)?
- Is a financial advisor assisting in the selection of the investment menu?
If “yes” to any of these questions, then there are unnecessary risks being taken.
Learn more about how we can help, contact us today.
401(k) Plan Sponsor Responsibilities
Business owners providing a 401(k) plan for their employees without the help of FiduciaryShield are responsible for administering the plan and ensuring compliance with a multitude of rules and regulations. Here are just a few of the things that are expected.