Thank you for your interest in answering the following twelve (12) simple questions regarding your Retirement Plan. While the questions should only take a few minutes to complete, the insight and awareness it will provide regarding your Retirement Plan will be of great value as a Plan Sponsor and Fiduciary.
Have you received your 408(b)(2) notice from your Third Party Administrator (TPA) or your CPA? (Don’t know what )
Have you run your Plan through the new DOL 408(b)(2) regulatory checklist?
Have you reviewed and updated your Plan Document in the past 12-months? (Not sure what a Plan Document is, click here. )
Do you have a qualified, non-conflicted named Fiduciary for your Plan (i.e., a named 3(21) or 3(38) Fiduciary)? (Not sure what a named Fiduciary is, click here. )
Does your Plan’s current fee structure and disclosure protocol pass the new DOL regulations and requirements?
Does your Retirement Plan make all major asset classes available to Plan Participants in a low-cost, well-diversified, style pure manner?
Does your Plan offer institutionally built, institutionally priced investment options to your Plan participants?
Does your Plan offer low-cost, diversified, index Exchange Traded Funds (ETFs)? (Don't know what ETFs are, click here. )
Does your Plan offer well diversified, low-cost Model Portfolios?
Does your Plan contain a well diversified, low cost Qualified Default Investment Allocation (QDIA) for participants who chose not to make their own investment selections?
Is there a written Investment Policy Statement (IPS) for your plan, and is it reviewed regularly?
Does your Plan's investment advisor regularly meet with and communicate directly with the Plan Sponsor and Plan Participants on at least a quarterly basis?
