Participant Education
At our firm, we have a complete financial education program for participants that goes far beyond just doing enrollments and helping participants select investments. We help participants understand the importance of saving, understand the basics of investing, determine the right amount to save, determine if a Roth alternative in the 401K is right for them and feel more comfortable with the idea of saving for retirement.
The employee meetings we conduct have over and over again, been shown to improve participation and satisfaction with the company sponsored retirement plan. We also offer at no additional cost, a customized financial retirement profile for each participant that helps them know if they are "on track" for successful retirement, along with strategies to address and correct projected shortfalls.
On the plan sponsor level, my firm and I can assist you in insuring your compliance with all of the laws, including adoption and implementation of an investment policy statement, and compliance with Section 404C of the I.R.S code These two items help immensely to protect you as a plan fiduciary.