A Major firm just went through a lawsuit regarding their retirement plan offerings and fiduciary duty. http://www.investmentnews.com/article/20161115/FREE/161119962/edward-jones-hit-with-second-lawsuit-over-excessive-401-k-fees

  1. Does your current plan have any issues that need to be resolved?  Such as low employee use of plan or each year the owner’s aren’t allowed to contribute as much as they would like.  Maybe the advice or planning tools are not meeting the needs of the employees.

  2. Are you using quality investments in your 401(k) or 403(b) plan that are also lower in cost? Often plans have a few funds that are concentrated in a small family of mutual funds, this often causes under performing investments to be within the offerings.  Retirement plans have a whole host of investment options available to them, however often they are chosen depending on the higher cost to the employees but also greater revenue to the firm.

  3. Are their conflicts of interest that you don’t know about in your 401(k) or 403(b)? Sometimes the broker or advisor will have investments that have lower investment fees, however that are not suggested because of additional revenue to their firm.  Often retirement plans are charging extra fees for “benefits” that are not actually being used or needed.

Contact us to explore options that you may have.