Like many business owners, running your business every day is a top priority for you. But as a sponsor of a 401(k) plan, you have an obligation to your employees to make your plan a priority as well. The truth is, most business owners are not 401(k) experts. Therefore, working with a quality 401(k) investment advisor should also be a priority. As a plan sponsor, there are questions you should be asking your advisor to ensure they are helping your meet your fiduciary obligations as the plan sponsor.
Of course there are many other questions that you can ask your 401(k) plan advisor, but these initial questions can help you identify whether or not you are working with a quality advisor.
Contact our Ohio Pension Administration Team
Are you unsure of your relationship with your investment advisor? Need some more advice on how to make sure they’re a good fit for your business? Contact Rea & Associates. Our Ohio pension administration team can work with you to ensure you maintain a strong relationship with your investment advisor.
Author: Steve Renner, QKA (New Philadelphia office)
Looking for additional articles on how to strengthen your role as a plan sponsor? Check out these other articles:
- How Can You Ensure You’re Compliant With Disclosure Review?
- Can Benchmarking Uncover Money Hiding in Your Retirement Plan?
- Is your 401K Okay? Tips for managing your company retirement plan