Questions About Your Plan

 

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.

 

  Your Name:
  Your Email Address:

 

  1. Have you received your 408(b)(2) notice from your Third Party Administrator (TPA) or your CPA? (Don’t know what
    408(b)(2) is, click here.
    )

    Yes
    No
    Not Sure

  2. Have you run your Plan through the new DOL 408(b)(2) regulatory checklist?

    Yes
    No
    Not Sure

  3. Have you reviewed and updated your Plan Document in the past 12-months? (Not sure what a Plan Document is, click here.)

    Yes
    No
    Not Sure

  4. 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.)

    Yes
    No
    Not Sure

  5. Does your Plan’s current fee structure and disclosure protocol pass the new DOL regulations and requirements?

    Yes
    No
    Not Sure

  6. Does your Retirement Plan make all major asset classes available to Plan Participants in a low-cost, well-diversified, style pure manner?

    Yes
    No
    Not Sure

  7. Does your Plan offer institutionally built, institutionally priced investment options to your Plan participants?

    Yes
    No
    Not Sure

  8. Does your Plan offer low-cost, diversified, index Exchange Traded Funds (ETFs)? (Don't know what ETFs are, click here.)

    Yes
    No
    Not Sure

  9. Does your Plan offer well diversified, low-cost Model Portfolios?

    Yes
    No
    Not Sure

  10. 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?

    Yes
    No
    Not Sure

  11. Is there a written Investment Policy Statement (IPS) for your plan, and is it reviewed regularly?

    Yes
    No
    Not Sure

  12. 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?

    Yes
    No
    Not Sure


 

 

 

 



Questions About Your Plan

 

Thank you for your submission. A member of our Plan Design team will will let you know if there are any areas of concern.

We do want tpoint out that an immediate area of concern is that your Plan may not meet 408(b)(2) regulations. Compliance with DOL 408(b)(2) is of significant importance. We will definitely contact you to discuss this matter further.

We also encourage you to review this website. Please start by selecting a content section above.