Portico Launches Custom Fee Disclosure Analysis to Help Plan Sponsors (401(k)/403(b)) Better Understand Plan-Level Fees

Portico Wealth Advisors, a leading Bay Area retirement plan consultancy firm, has launched a complimentary report that helps companies/organizations that sponsor retirement plans understand their new, mandatory fee disclosures.

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Our Fee Disclosure Analysis allows plan sponsors to be confident that a) all of their fees are known and b) that the services being provided for those fees are reasonable.

Larkspur, CA (PRWEB) September 26, 2013

Portico Wealth Advisors, LLC, a Registered Investment Advisor and retirement plan consultancy firm, has recently introduced a new report that helps sponsors of 401(k)s and 403(b)s better understand their mandatory fee disclosure documents.

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 the source and magnitude of the various fees that their participants face. Charitable and governmental entities that sponsor 403(b) plans are under similar scrutiny.

Portico’s complimentary Fee Disclosure Analysis includes:

  •     Identification of all “covered service providers”
  •     An accounting of the services offered by each provider
  •     A determination regarding each provider's fiduciary status
  •     An assessment of fee reasonability in light of the services provided by each provider

“Fee disclosure has brought with it the usual confusion and administrative challenges that often follow regulation,” says Portico Wealth principal, David Tarantino. “Our Fee Disclosure Analysis allows plan sponsors to be confident that a) all of their fees are known and b) that the services being provided for those fees are reasonable.”

“Some companies are receiving 3 or 4 separate 408(b)2 disclosure documents,” says Tarantino. “These documents can be 30+ pages each and are often littered with vague legalese, making it very challenging for CFOs and HR Directors to easily understand their ‘all-in’ plan cost.”

Companies interested in learning more about Portico’s complimentary Fee Disclosure Analysis or procuring an analysis should visit http://www.porticowealth.com or contact Portico 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.