Why Do You Need a 401(k) Advisor?
Most company Human resource and Finance departments are focused on the daily
operation and profitability of their business. Unfortunately, choosing and evaluating a
401(k) system are not revenue producing activities. While it is important to provide your
employees with a high performing 401(k) plan it will not increase your bottom line.
Evaluating and monitoring a 401(k) plan is a time-consuming endeavor that can absorb
valuable time of in-house management if self-performed. Important Human Resources
and Finance department responsibilities may suffer and the 401(k) evaluation process
may not be as complete as an Advisor led evaluation. Capitalizing on the experience and expertise of a qualified 401(k) advisor to thoroughly lead you through the entire 401(k) plan evaluation process will prevent adding unnecessary time demands and responsibility on your Staff.
A primary characteristic of a professional siting consultant is the ability to be highly
focused on your specific project while providing leadership, unbiased research, insights,
and evaluation of all viable alternatives and approaches. An unbiased approach helps
protect the client from internal politics and external influences. By beginning with a
stakeholder alignment workshop, the process is designed to detect existing biases
within the team. Once uncovered, they can be discussed and addressed in an open
and logical manner. 401(k) advisors represent the Plan Sponsor and don’t always have to more your plan to improve performance