Those individuals responsible for the management and oversight of an employer-sponsored plan have personal liability according to the Employee Retirement Income Securities Act of 1974 (ERISA), because they make decisions on behalf of plan participants and their beneficiaries. Helping your clients set up a committee to clearly define and document a process of plan oversight […]
Articles and Ideas to Help You Service Your 401k Clients
6 Steps You Must Include in Your 401k Service Process
Add Value and Keep the Competition Out with a 6-Step 401k Service Process In an increasingly regulated and competitive 401k industry, advisors are always looking for ways to bring more value to plan sponsor clients. By differentiating your services and demonstrating processes and procedures that your competition might not have covered, you can stand out […]
401k Service Models: The Complete Guide
The Challenge How can you help your 401k clients meet the minimum standards of prudence that ERISA imposes, regardless of plan size? It’s a common challenge…Small plan clients generate less revenue and typically don’t want to be as involved in the full suite of education, documentation, and hands-on services that a larger 401k client might […]
The 1-Hour Annual Plan Review Meeting (Yes, It’s Possible!)
It’s that time of year again! 1st quarter always seems to be the best time to have an annual review meeting with your 401k plan clients since shortly you’ll be receiving year-end data and running the customary investment due diligence reports. In order to help your clients have a successful and compliant plan, every year […]
I am a successful entrepreneur, consultant, and creator who has spent the last 20+ years working in the financial industry while developing training, tools and resources for 401k advisors. I am the Founder and former CEO of Financial Service Standards (sold to fi360, Inc. in 2013). I now write and consult full-time. I am married and have two boys. I live near Pittsburgh, PA.