Thinking about making changes to your 401(k)?

Have you thought about making changes to your 401(k) program? As a plan sponsor, you may be thinking about the following issues:¹

• Should our plan offer our employees more investment choices?
• How can we make the plan more user-friendly?
• Is automatic enrollment a good idea?
• Is there a cheaper plan out there that might be just as good?
• Are we satisfying the 404(c) employee education requirements?
• Are we truly meeting our fiduciary responsibility?
• What steps could we take to try and reduce liability?
• How does our 401(k) stack up against others in terms of fund quality, costs, and fees?
• Is there a way we can monitor and evaluate investment performance?

I can help you evaluate your current plan – or search for a new one. I am happy to share my knowledge and experience. If you want to take a closer look at your options as a 401(k) plan sponsor, please call me or email me today.

In understanding your company’s goals, objectives and workforce, I can help you arrange to fine-tune your current 401(k) plan or identify a replacement from a quality vendor at a competitive price.

^{1. Once you reach age 73, you must begin taking required minimum distributions from your 401(k) or other defined-contribution plans in most circumstances. Withdrawals from your 401(k) or other defined-contribution plans taxes as ordinary income and, if taken before age 59½, may be subject to a 10% federal income tax penalty.}

^{The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.}