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2 min read

Benchmarking Your 401(k) Doesn't Have To Be Hard...

Benchmarking Your 401(k) Doesn't Have To Be Hard...
“Hidden costs? Missed opportunities? Let's ensure your 401(k) is working its hardest for you.”
Free Benchmarking Tool - Click Here

Courts have called ERISA Fiduciary standards “The Highest Standards Known to Law.” According to the IRS and ERISA Law, plan sponsors have a fiduciary duty to:

  1. Act solely in the interest of the participants and their beneficiaries
  2. Make decisions for the exclusive purpose of providing benefits to participants and beneficiaries
  3. Only pay reasonable expenses of the plan
  4. Carry out duties with the care, skill, prudence and diligence of a prudent person familiar with the matters

These 4 guidelines may not seem like much until you review the 537 page pdf of ERISA Law (If you’re having trouble sleeping at night, you can find that HERE). Suddenly, “carrying out duties with the care, skill, prudence and diligence of a prudent person” seems a little more daunting.

This is why we created a free tool to help you do this. Our benchmarking tool is designed to turn over every stone regarding your 401(k) and provide you easy solutions to instill best practices. Focused on six critical areas needed for plan success, our report will help your Retirement Committee take a holistic approach to building out a plan that is optimized for your organization.

Ready To Learn More? Take 10 minutes to complete our free benchmarking report and see how your plan scores.

Free Benchmarking Tool - Click Here

If you are currently considering which retirement plan type would best fit your needs, feel free to check out our other post titled "Which Retirement Plan Is Best For My Small Business" for a detailed overview. You can also schedule a call with me using this calendar link or send me an email at Robert@LinkFinancialAdvisory.com with the subject line of “What Retirement Plan Is Best For My Business?”

Last of all, If you currently have a 401(k) and you’d like to review it to verify it’s the best option for your company, feel free to use this calendar link to schedule a quick phone call with me. You can also send me an email with the subject line “I’d Like To Review/Benchmark My 401(k).” As always, if you have any other questions I can answer for you, please feel free to email me or call me directly at 406-369-3396.

Published by:

Robert Montes

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