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DG Private Wealth Management

858.752.1726
Financial planning, investment planning and retirement planning, asset management and life insurance.

Retirement planning, Roth conversions, 401k's and investment policy

Is your company’s 401(k) due for a checkup?

A 401(k) plan provides great benefits to employers and employees alike. These benefits, along with the vibrant economy in recent years, gave many business owners the push they needed to establish a 401(k) retirement plan for their company. A negative consequence of this 401(k) boom was that financial professionals may have offered 401(k) plans as one-size-fits-all products rather than as customized solutions to the unique needs of business owners. The result is that many business owners ended up with 401(k) plans that are poorly designed for their needs, under-serviced and overpriced.

On the other hand, your company may have established a properly customized 401(k). However, there is a possibility that your company has outgrown its current 401(k) plan. It may be that the investment options, fee structure or investment education your plan offers falls short.

Whatever the situation, a 401(k) checkup can help you answer questions such as:

  1. Are your employees being offered access to investment education?

  2. Do you know what fees you are paying for your current plan? Are you paying too much?

  3. Do you have an investment policy statement in place for your plan?

  4. When did you last review your plan's investment options?

  5. Are you following the guidelines set forth by the Department of Labor that require you to manage the plan as a "prudent expert" would? Have you hired an expert to handle these duties on your behalf?

  6. Are you offering your participants effective diversification across broad asset classes?

We can help. By reviewing your current plan, we can make sure you have the right 401(k) plan in place to suit your company's needs. We'll analyze the fund options, fee structure and level of service your plan offers and, if necessary, recommend a course of action to customize a new 401(k) that fits your company.

Call us to schedule your 401(k) checkup today.

Call 858.752.1726

 

 

 

 

 

 

 












 

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