Retirement Plan Consulting for Employers

The new Fiduciary Rule gets rid of the five-part test and replaces it with the requirement that advisers be paid the same no matter what investment us used. If an advisor is paid different, then the advisor must sign a contract with the client pledging that they do what is in the customer’s best interest.

Fixing the Law

By eliminating a 1975 five-part test, made when pension plans were different than they are today, the US Department of Labor rectifies the contradiction that financial advisors with conflicts of interest are providing financial advice to retirement accounts. Even though the law governing these accounts, ERISA prohibits this from happening.

Lowering Fees

What does the new Fiduciary Rule mean for you?

  • advisor fees might come down in your 401(k) plan
  • more employees will decide to leave their money in the plan after they leave or retire

My 401(k) Consulting

  • check if advisor fees are the same for all investments in your plan
  • build or update your 401(k) investment policy statement
  • produce plan-specific investment recommendations
  • monitor those investments and produce ongoing reports
  • moreover, do all this as a level-fee advisor as defined by the new Fiduciary Rule

Work With Me

Sample Reports