Fiduciary Oversight

401k Advisors, LLC assists plan sponsors with compliance of ERISA fiduciary standards. Our program guide fiduciaries through the matrix of investment committee training, plan guidance, provider monitoring, and proper documentation.

Fiduciary Standards

Our clients wear many professional hats. And while they may spend the least amount of their working life on retirement plan issues, their fiduciary role for the plan poses a significant amount of risk in the corporate arena. Inundated with primary job functions, finance and human resources executives lament their lack of time and tools to fulfill their fiduciary accountabilities, with a high level of assurance and protection. This uncertainty is the main cause of their concern towards their personal liability as a fiduciary.

To help fill this void, 401k Advisors, LLC offers a fiduciary oversight program that delivers protection for plan management through independent guidance and monitoring. 401k Advisors, LLC offers the fiduciary oversight program to its member advisors' plan sponsor clients.

401k Advisors, LLC Under this program, clients satisfy the following fiduciary functions with uncompromised confidence:

1. Demonstrate prudence through a document trail;
2. Understand the key factors around investment management decision making;
3. Adhere to the committees' investment strategies;
4. Avoid conflicts of interest;
5. Monitor service providers according to appropriate benchmarks of fiduciary excellence.

How this program assists our clients in reducing their fiduciary liability:

Easy to Use

Fiduciary functions are managed effectively through a written agreement with fiduciary acknowledgement for our investment and advisory services. With our program you save time, reduce personal risk, and gain access to critical fiduciary tools.

Procedural Due Diligence

401k Advisors, LLC assists the investment committee to demonstrate ERISA’s prudence requirements through a trail of informed decisions. With a point and click, fiduciaries can evidence their investment rationale and map key decisions to the plan’s guiding documents.

Continuity of Conduct

Our role can ensure a high level of continuity in the event of investment committee turnover. Our fiduciary oversight program preserves the integrity of past decisions and provides effective succession for future fiduciary guidance.

Clarify Roles and Responsibilities

We help investment committees align internal responsibilities and benchmark the services of operational platform providers such as administrators, record keepers, custodians, and investment managers.