A 401(k) Plan Sponsor Checklist in Five Steps
A company retirement plan can involve several providers: a recordkeeper, an administrator, fund companies, an adviser, and a payroll company. Each has its own role.
But who is looking at the whole plan? What it costs in dollars. How the investments are monitored. Who is responsible for each decision. Whether the plan still fits your own retirement.
This guide walks through five checks, one part of the plan at a time, to help you see how the pieces fit together. It was written by Holland Capital Management, an independent investment adviser with no allegiance to any particular plan provider.
After you request the guide, we’ll send three short emails about the plan decisions it covers. You can unsubscribe at any time.
Inside the guide
1. What the plan really costs in dollars, including fees paid from employee accounts and what to look for in the plan’s fee disclosures.
2. Whether the plan is competitive, and when comparing it with similar plans makes sense.
3. The investment menu: share classes, the default investment, and the documentation that shows how investment options are selected and monitored.
4. Your fiduciary responsibilities: how a 3(21) adviser or 3(38) investment manager can help, what stays with you as the plan sponsor, and what to document.
5. How the plan fits your own retirement and your executives’ plans, including safe harbor, profit sharing, Roth and cash balance designs.
Five checks on the plan with your name on it.
