401(k) Plans
Independent guidance for selecting and managing your 401(k) plan.
Helping business owners build retirement plans that support their teams and long-term goals.
Independent guidance for selecting and managing your 401(k) plan.
Helping business owners build retirement plans that support their teams and long-term goals.
The 401k Shop's Process Focuses on Four Different Elements.
Catalyst
Proper investments are one of the catalysts to a successful retirement.
The 401k Shop partners with plan sponsors in an effort to fulfill our goal to provide the best possible retirement outcome for their participants. Here are some of the tools we bring to the table:
- Affiliated with the CFA-led research team at Retirement Plan Advisory Group, meaning our research is tailored to the retirement plan marketplace.
- Transparent and easy-to-understand fee structure, meaning you’ll never be confused about costs within your plan.
- Open-architecture plans, meaning we can offer best-in-class funds without restrictions
- A straightforward zero to ten pass/fail criteria to rate funds, fund managers and investment strategies, meaning you’ll never be confused about our recommendations.
- 15 qualitative and quantitative metrics are used to determine a coherent retirement strategy for participants of all ages, meaning the participant’s needs are put first.
Compliance
Compliance is always taxing, especially when you have so much on your plate.
We take the stress out of retirement plans by assisting the trustee in their responsibilities. Through our partnership with Retirement Plan Advisory Group, we offer a standardized fiduciary system and a 57 point compliance checklist, including issues like:
- Selecting and monitoring fiduciaries
- Selecting and monitoring service providers
- Understanding and documenting fees and expenses
- Selecting and monitoring plan investments
- Maintaining a fiduciary file
- Legal and compliance update
Construction
Plan design is the foundation for a successful retirement plan.
As such, it should be reviewed on a periodic basis to make sure that the plan is in line with the goals of the company and the participants. Here’s how we help you evaluate your plan design:
- We partner with several of the largest retirement plan administrators in the country to bring you unique ideas
- Analysis of auto-enrollment to drive participation
- Analysis of auto-escalation to increase balances
- Online enrollment options
- New comparability studies
Communication
Are your participants retirement ready? If they don’t know, plan communication can be improved.
We use communication to educate participants on retirement readiness. Here’s how we help educate participants:
- Online videos
- Literature from industry experts
- In-house publications
- Personal consultants