Is your company's 401k plan really looking out for the staff employees?

As a good employer, you want the best for your team members and your company. In today's very competitive job market, it is very important to offer your employees a good 401k plan with many different options. An effective 401k plan will help you to achieve financial success in retirement as well as improve their overall financial steps in their working years. The nature of401K plans and choices has evolved over time. Todays, plan sponsors are now able to offer a plan that is significantly more transparent, employee-directed, easier to use, trying to contain costs, and is employee-outcome focused. The best resources a plan sponsor can engage to make sure that there employee's interests are protected and the staff administering the plan are properly supported by an experienced 401K investment advisor. An effective advisor will serve as the plan's head coach, proactively supporting the plan sponsor and usually collaborating with the other team members of the of the plan like the record keeper and the administrator while providing ongoing education and guidance to the participants when needed.(When looking for an advisor to serve the plan it is best to choose a fiduciary advisor! ) - A fiduciary advisor is someone who places the participants' best interest first, also which does not receive commissions or incentives that could divide the advisor's loyalties, and who meets the highest standard of care in performing investment due diligence for the clients. An experienced - fiduciary 401k-advisor will offer the participants a diverse fund line-up selected from one of the larger custodians with a multitude of investment options, following a rigorous process of due diligence in manager selection and monitoring. A good fund-lineup will offer various options which will consist of best in class managers both active and passive across all major asset classes. The mutual fund's expense ratio will be reasonable, competitive, and will be focused on the value delivered by the fund manager.(Balancing Investment Portfolio's)- The majority of participants do not know how to construct a properly allocated, diversified investment portfolio from the investment options fund line-up.A competent fiduciary advisor will help you to solve that problem by offering a range of balanced portfolio's from which participants can choose from. The properly allocated portfolio is one that allocates appropriately between stocks and bonds relative to a participant's risk tolerance level and their investment time horizon. You can expect your fiduciary advisor to offerseveral different types of balanced portfolios, also target date portfolios, risk-based balanced portfolios, and asset allocation model portfolios constructed from your fund line-up.In addition, an effective 401K fiduciary advisor will provide participants with ongoing financial education as well as instructions on how to use the planning and financial wellness tools that are available on the plan administrator's web site. The educational video programs will teach the participants how to save for retirement and how to plan and invest for retirement, so that participants will make good financial decisions for themselves. Also, an effective advisor will also be available to all participants by email, phone calls, and after each one of the educational meetings is a good time to ask questions. The central part of the fiduciary advisor duties is to service the participants with education and to be available when the participants have concerns. Our primary goal is to help employers to look out for the best interest of their employees when it comes to their employees when it comes to their 401K plan with a competentfiduciary advisor!Thank You,John C. Verducci 111