Portico Unveils Enhancements to Complimentary Diagnostic That Helps Plan Sponsors (401k/403b) Better Understand Their Plans

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Portico Wealth Advisors, a leading Bay Area retirement plan consultancy firm, has made several key enhancements to its complimentary retirement plan analysis.

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Now more than ever, our Retirement Plan Diagnostic™ allows a plan sponsor to ‘peer behind the curtain,’ and gain clarity as to the real cost and quality of their retirement plan.

Portico Wealth Advisors, LLC, a Registered Investment Advisor and retirement plan consultancy firm, has recently introduced several key enhancements to its complimentary retirement plan report, offered to plan sponsors as a way to help them fulfill their fiduciary duty to their employees.

In the wake of recent 408(b)2 and 404(a)5 fee disclosure legislation, companies that sponsor retirement plans are encountering increased pressure to understand both what their participants are paying for their retirement plans as well as what they are getting for what they are paying. Charitable and government entities that sponsor 403b plans are under similar scrutiny.

Changes to Portico’s proprietary Retirement Plan Diagnostic™ include:

  •     An “at-a-glance” summary page
  •     A section devoted exclusively to fees and fee reasonability, that includes industry fee benchmarking
  •     An optional Participant Survey, designed to capture employee opinions regarding the plan
  •     Refinements to the scoring methodology

In all, the report touches on over 100 key points.

“After conducting many evaluations over the past 2 years, and with the concurrent evolution of industry fee regulations, it only made sense for us to reevaluate our diagnostic,” says Jonathan Leidy, Principal at Portico. “Now more than ever, our Retirement Plan Diagnostic™ allows a plan sponsor to ‘peer behind the curtain,’ and gain clarity as to the real cost and quality of their retirement plan.”

“Executives need to understand exactly what their plan participants are paying, and whether those costs are reasonable in light of the services being received,” says Leidy. “Taking a look at your plan regularly is a very smart practice and having the guidance of an expert in this area is critical for most plan sponsors.”

Companies interested in learning more about Portico’s complimentary Retirement Plan Diagnostic or procuring an analysis should visit http://www.porticowealth.com or contact Principal, Jonathan Leidy, at (415) 925-8700.

Larkspur, California-based Portico Wealth Advisors is a Registered Investment Advisor and leading retirement plan consultant. Predominantly serving plans in the $1-50MM spectrum, Portico works with local and national companies to help them improve the cost, quality, and structure of their retirement plans.

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