Fees.
Are you receiving optimal value for the costs of your plan? Does your plan have hidden or unnecessary fees, and are you aware of all of them? If your investments’ share classes are set up to take care of your fees, are they doing so effectively, or do the cripple your fund performance?
Funds.
Just because your funds haven’t nosedived doesn’t mean they are performing optimally. A good way to know is to benchmark your funds’ performance with a financial advisor every 3 years.
Fiduciary Support.
Many plan sponsors aren’t aware of how gaps in documentation, communication, or a lack of regular assessment of fee reasonableness and fund optimization can create legal liabilities for them. The adage that an ounce of prevention is worth a pound of cure is particularly relevant in the retirement plan space.
We at Flagship Capital Advisors have been helping employers across the United States solve all these issues. Among the many services we provide, we work to ensure that fees are reasonable, funds are performing optimally, and that you are not getting backed into a corner regarding fiduciary liability.
If you are unsure or have questions about any aspect regarding your plan – especially in the three issues listed above – give ua a call at 320-587-3444.