Launches 401k Plan Reviews & Advice Services for Plan Participants and Sponsors

Share Article recently launched two new service offerings in the 401k plan market, one for plan participants called 401k Plan Advice and one for plan sponsors called 401k Plan Review.

401k Plan Review and Advice Services

401k Plan Review & Advice

401k plan fiduciaries must be extra vigilant with managing their 401k plan as participant driven lawsuits are on the rise., an online provider of do-it-yourself investment plans and investment review services, recently launched new 401k plan review and advice services for 401k plan participants and plan sponsors. The firm noted increasing client demand for 401k plan services as the primary driver in their decision to offer these new services.

Through their 401k Plan Advice services, the firms investment advisors perform a thorough analysis of a participants risk tolerance and investment options. They match the participants risk profile with the 401k plan investment options, and provide a custom recommended model asset allocation. The 401k Plan Advice service is priced at a one time fee of $199.

Through their 401k Plan Review services, the firm provides plan sponsors a means to lower their fiduciary liability through independent and comprehensive plan analysis. Under ERISA, a plan fiduciary is anyone who exercises control or discretion over their company retirement plan.

Greg Phelps, the firms founder noted that plan sponsors must be extra vigilant with managing their 401k plan as participant driven lawsuits are on the rise. Last year alone the Department of Labor processed 234,000 inquiries which resulted in over 478 million in benefits restored to plan participants.

Given the increased monitoring and regulation over ERISA plans such as 401k’s, the founders of feel assisting plan fiduciaries in lowering their liability and improving their 401k retirement plan is a win-win service offering. The 401k Plan Review services provide plan fiduciaries a full accounting of their investment fees, a Fiduciary 360 (The Center for Global Fiduciary Insights) investment audit and analysis with overall investment performance, and an assessment of plan diversification. The 401k Plan Review (for sponsors) service is priced at a one time fee $499.

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Greg Phelps

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