401(k) Medics - Fiduciary Standards for 401(k) Plans www.401kmedics.com
© 2010 Portfolio Medics, LLC
Privacy Policy
© 2010 Portfolio Medics, LLC
Privacy Policy
The presence of this website on the Internet shall in no direct or indirect way raise an implication that Portfolio Medics is offering to sell or soliciting to sell advisory services to residents of any state in which the firm is not registered as an investment adviser. 401(k) Medics is a DBA of Portfolio Medics, LLC.
There is a discouraging lack of accountability in 401(k) plans across this country.
Look no further than the flurry of recent lawsuits initiated by employees against their employers and the media blitz of negative articles regarding 401(k) plans.
The majority of brokers, agents and plan vendors do not acknowledge fiduciary responsibility in writing to the companies they sell 401(k) plans to. Thus, employers are holding massive liabilities unknown to them while employee accounts are suffering because of hidden fees and poor investment selections.
We will act as a fiduciary within your 401(k) plan.
We can assist new and existing 401(k) plans in the following areas:
We can help guide you through the maze of complex agreements, disclosed and undisclosed fee schedules and fund choices. If you are just starting out, or changing providers, use our knowledge to build the perfect plan for your company.
Why not use your current broker or agent to do this for you? Before you answer this, ask your current broker or agent if they have acknowledged, in writing, co-fiduciary status with you in your plan. You may be surprised at the answer.
Unlike registered investment advisors...brokers and agents are not required under the law to act as fiduciaries - their first obligation is to their employers - and not necessarily to you.
We'll arm you with the right questions to ask to start fulfilling your obligations as a 401(k) plan trustee. Click the "Contact Us" link above to receive a list of questions to ask your broker/agent.
Look no further than the flurry of recent lawsuits initiated by employees against their employers and the media blitz of negative articles regarding 401(k) plans.
The majority of brokers, agents and plan vendors do not acknowledge fiduciary responsibility in writing to the companies they sell 401(k) plans to. Thus, employers are holding massive liabilities unknown to them while employee accounts are suffering because of hidden fees and poor investment selections.
We will act as a fiduciary within your 401(k) plan.
We can assist new and existing 401(k) plans in the following areas:
- We uncover and report all fees, including hidden fees
- We negotiate fees to an acceptable, prudent level with your current provider
- We establish a fiduciary standard of care program for your plan
- We monitor, replace and report the investment selections within your plan on a quarterly basis to comply with fiduciary standards of care
- We act as a co-fiduciary or full fiduciary within your plan
We can help guide you through the maze of complex agreements, disclosed and undisclosed fee schedules and fund choices. If you are just starting out, or changing providers, use our knowledge to build the perfect plan for your company.
Why not use your current broker or agent to do this for you? Before you answer this, ask your current broker or agent if they have acknowledged, in writing, co-fiduciary status with you in your plan. You may be surprised at the answer.
Unlike registered investment advisors...brokers and agents are not required under the law to act as fiduciaries - their first obligation is to their employers - and not necessarily to you.
We'll arm you with the right questions to ask to start fulfilling your obligations as a 401(k) plan trustee. Click the "Contact Us" link above to receive a list of questions to ask your broker/agent.