Managing your organization’s 401(k) plan can be a intimidating task. In addition to deadlines and commitments, you must satisfy your fiduciary responsibilities. You are expected to oversee a plan which offers flawless recordkeeping, superior investment performance and low cost. Your decisions can impact your employees’ lifestyle in retirement. ERISA laws require you to exercise the prudence and skill of an “expert.” If not, you face penalties that are not only severe, but also personal. Fines can be equal to the loss or opportunity cost, with an automatic 20% surtax. The threat of litigation is ever-present. How will you document your prudence?
By acting as partner, Clear Perspective Advisors helps retirement plan sponsors oversee the management of their investments. We provide our clients with the knowledge necessary to make informed decisions that can improve plan performance, reduce expenses, and meet your fiduciary responsibilities.
Our 401(k) plan advisory services include:
- • Investment Policy Statements
- • Plan Design
- • Fiduciary Report Cards
- • Record-keeper Search
- • Manager / Fund Search
- • Fee Analysis
- • On-going Performance Evaluation
- • Committee Education
- • Participant Education
- • Custom Lifecycle / Target Term Funds
- • Plan Benchmarking
For more information about Clear Perspectives Advisors 401K expertise, contact us today.