Did you know that you can be liable if you don’t make the best decisions for your retirement plan participants?
If seeking a better future isn’t enough motivation to know how your plan works and what you’re buying, self-preservation should be.
As the trustee of an employer-sponsored retirement plan, it’s on you to understand its key components, investments, costs, and services.
Retirement plans can be complex. Here’s how you can make sure to understand yours.
Get Help
Hire an investment advisor who is also a fiduciary. Given how complicated retirement plans can be, it’s best not to leave their operation to chance.
A good investment advisor and fiduciary can assist and guide you in understanding all the details of the available plans, ensure full disclosure of all the costs and services provided by them, and assist you in deciding on which investment options are prudent.
You want someone who has the depth of knowledge and experience to guide and educate you about your fiduciary duties and responsibilities, and who you can trust to always put the best interests of you and your plan participants first.
We specialize in designing custom-made plans and implementing retirement plan services that move you toward your goals and the best results for the company, the plan, and the participants.
If you do already have a plan, make sure your administrator is watching out for the most common mistakes that may trigger an audit.
Conclusion
At Confidence Wealth Management we work with employers, trustees, and human resources on employer-sponsored plans.
We specialize in designing custom-made plans and implementing retirement plan services that move you toward your goals and the best results for the company, the plan, and the participants.
We create winning strategies and solutions for our clients. Click below to set up a consultation or contact us for more information.
