The 401(k) Solution

 

 
Soon every single 401(k) plan administrator will be required to inform any / all participants the cost of your plan broken down by administrative fees and fund management fees as well as provide specific information targeted at aiding employees in making an informed decision. As a plan Fiduciary, answers to these questions should be a top priority. 
 
SafeHarbor Asset Management is a Registered Investment Advisor that can be retained to act as your plan Fiduciary. This creates a Fiduciary wall, protecting plan trustees from law suit liability. We have 20 years of experience and an audited performance track record.
 
Current research has convinced Congress that amateurs are being forced into becoming their own pension fund managers with poor results and placing their retirement assets at risk. And responsibility is being placed squarely on the shoulders of the Fiduciary.
 
Please take a moment and ask yourself these important questions:
 
1.       Have you been frustrated trying to figure out an asset allocation for your 401k?
2.       Do you wish you had a clear indication of how you should diversify your investment?
3.       Are the funds you have to choose of high quality with long, strong track records?
4.       Does your plan offer low cost index funds?
5.       Do they charge the lowest possible fees?
6.       Do you pay sales loads or have surrender charges on the funds in your 401k?
7.       Are you concerned about trustee fiduciary liability under section 404c?
 
If I have raised any questions about your current plan, a proper analysis will help reveal any weaknesses. Contact me at: skdavis@investsafeharbor.com or schedule an appointment with my assistant: sommer@investsafeharbor.com.
 
As YOUR future 401(k) plan fiduciary, I pledge to you the following:
  1. I will always put your (the 401(k) plan) best interest first - ahead of my own and that of my firm. As defined by federal law, I will act as a fiduciary.
  2. When selecting investments, I will act as an agent, seeking only the BEST investments at the BEST prices at all times. Charging ZERO commissions.
  3. I will provide Impartial advice and act with skill, care, diligence and good judgement.
  4. I will provide full and fair disclosure of all facts, including my compensation from providers of products and services I offer as well as all fees I pay to others on behalf of the plan.
  5. I will disclose and manage, in your favor and unavoidable conflicts. 

 

There are specific criteria outlined by the Department of Labor on how Trustees are to act with respect to the management of qualified retirement plans. Congress also has recognized the need to enforce stricter requirements that are designed to reduce plan expenses where possible, foster greater participation by employees and provide plan options that will offer a greater chance of investing success.