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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
408(b)(2) is, click here.)
Yes
No
Not Sure
- Have you run your Plan through the new DOL 408(b)(2) regulatory checklist?
Yes
No
Not Sure
- 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
- 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
- Does your Plan’s current fee structure and disclosure protocol pass the new DOL regulations and requirements?
Yes
No
Not Sure
- 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
- Does your Plan offer institutionally built, institutionally priced investment options to your Plan participants?
Yes
No
Not Sure
- Does your Plan offer low-cost, diversified, index Exchange Traded Funds (ETFs)? (Don't know what ETFs are, click here.)
Yes
No
Not Sure
- Does your Plan offer well diversified, low-cost Model Portfolios?
Yes
No
Not Sure
- 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
- Is there a written Investment Policy Statement (IPS) for your plan, and is it reviewed regularly?
Yes
No
Not Sure
- 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
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