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Plan Comparison |
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Are You Satisfied With Your 401k?
Throughout the years, you may have considered an improvement to your existing 401k program. If you are not completely happy with your current retirement plan, then maybe it is time to consider a conversion.
A conversion is a transfer from your existing plan provider to new representation.
This alteration is typically accompanied by a change of record keepers, custodian for your investment assets, different fund choices, and a new financial professional.
Employers seek improvement of their present 401k program for various reasons including expenses, performance, and employee services.
The U.S. Department of Labor offers some guidance to help with Understanding Retirement Plan Fees And Expenses:
http://www.dol.gov/ebsa/publications/undrstndgrtrmnt.html
Does Your 401k Measure Up?
How many components of your existing plan don’t achieve an “A+” grade?
If the answer is 2 or more, then you may have room for an upgrade under a 401k conversion.
Generally, each of these responsibilities should be addressed at least annually by the employer.
Our team supports you in that manner through dependable ongoing support to the employer and employees.
This includes investment research and fund offerings to meet the unique needs of a diverse group of participants, interactive employee education, and an annual check-up concerning fiduciary responsibilities.
A lot can happen in a year:
- New Hires
- Terminated Employees
- Demographic Changes
- Retirement Plan Regulation Changes
- Contribution Limit Changes
- Mutual Fund Performance And Offerings
- Retirement Plan Design Availabilities
Combined, these factors create a dynamic 401k environment necessitating the guidance of retirement plan professionals.
That’s where we come in.
Our mission is to provide top quality leadership as you sort through the myriad of choices within plan design, investing, and education processes.
Click here to review a Design Checklist
The IRS brochure, 401k Plans For Small Businesses, neatly summarizes the operation and design considerations in the section, “A 401k Checklist.”
Click here to download a free copy: http://www.irs.gov/pub/irs-pdf/p4222.pdf
Do You Need A Plan Comparison?
We can help you with these ongoing duties through a review of your current 401k. We can even help you ask the right questions to better understand and evaluate the fees and expenses related to your plan.
Your plan should be designed specifically to work for your employees in an easy-to-understand fashion, at the most cost-effective price point. A plan comparison can identify areas for potential improvement, encompassing:
- New Designs
- Plan Features (Roth, Automatic Enrollment, And Others)
- Expenses
- Transactions Fees
- Fund Options
- Fund Performance
- Services Offered
Your 401k is a participant-directed retirement savings plan and an instrument to help your employees achieve a secure retirement.
The quality of the plan and services offered constitute a significant sum in the overall measure of your 401k program’s success.
In the course of a plan comparison, you may be pleasantly surprised with the total savings and available enhancements.
If your plan doesn't measure up, and you are considering an upgrade, kindly ask us for a complete review.
Call us Toll Free (888) 552 7284 x 3014
or E Mail us at
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for details.
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Important Information
All administrative and record keeping services are offered by PB&H Benefits, LLC.
The custodian trust company is Mid Atlantic Trust Company (MATC), providing a state-of-the art trading and reporting system that integrates record keeping, trust accounting, and straight-through processing with access to over 16,000 mutual funds in underlying accounts.
All investments are offered by Registered Representatives of MML Investors Services, LLC, Securities are distributed through MML Investors Services, LLC, Member, SIPC. Supervisory Office: 2 Bala Plaza Suite 901 Bala Cynwyd, PA 19004 Tel (610) 660 9922.
Investment education is provided by Registered Representatives of MML Investors Services, LLC.
Note that our role as financial professionals, with respect to the 401k plan, is not to provide investment advice. We offer employee education including fund information and portfolio design using models that match the employee's intended level of risk and investment goals.
In no way do we endorse any recommendations, advice, or opinions contained in Information developed by third party providers and mentioned in this website. We merely provide access to such information as a convenience to help you consider your design and investment selections. Any investment decisions you make are based solely upon your evaluation of financial circumstances and investment objectives, in the best interests of your Plan.
Mutual Funds are sold by prospectus. You should carefully consider a fund’s investment objectives, charges, expenses, and risks before investing. The fund's prospectus, which can be obtained online (or hard copy) by calling your Registered Representative, contains this information and other facts about the fund. Please read the prospectus carefully before you invest or send money.
We do not offer tax planning or legal advice. Please consult your CPA or attorney for specific tax implications and legal matters pertaining to your Plan.
Registered Representative Information
John M. Novak is a Registered Representative of and offers securities and investment advisory services through MML Investors Services, LLC, Member, SIPC.
Supervisory Office:
First Financial Group
2 Bala Plaza Suite 901
Bala Cynwyd, PA 19004
Tel (610) 766 3014
Administrative and record keeping services offered by PB&H Benefits, LLC, and custodian services offered by Mid Atlantic Trust Company are not sponsored or offered through First Financial Group or MML Investors Services, LLC. PB&H and MATC are not affiliates or subsidiaries of MML Investors Services, LLC.
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