A growing number of plan sponsors rely on professionals to help evaluate plan providers.  Doing so can make plan management easier while ensuring that the services provided to the plan are necessary and the fees charged are reasonable.

As a representative with Wells Fargo Advisors, I can provide a comprehensive benchmarking of your current plan's performance, design, and costs.  If at the end of the review you feel you are in an appropriate product and in a competitive plan, simply place the benchmarking report in your fiduciary files.  Documenting your due-diligence process is considered a best practice and can help protect against fiduciary liability.

I can select from more than 20 service providers and my compensation is not determined by which service provider I select. Because I do not represent any specific platform, I am able to provide a truly independent analysis.

Your employees deserve a 401(k) plan that can help improve their retirement readiness.

Wells Fargo Advisors offers services designed to ensure you have the most effective plan provider for your company.  These services include:

Provider management:  An in-depth assessment of how efficiently your plan is working to meet participant and company requirements.

Employee engagement:  Educational activities that encourage employees to enroll, save more, invest better, and plan smarter.

Measurement:  Review key plan data and investment performance.

Risk management strategies:  Assist with managing administrative tasks and fiduciary responsibilities.