FAQs

Q. How do I find out what fees we are paying for our plan?

We urge plan sponsors who are unfamiliar with plan fees to engage 401(k) Advisors to do what we do best— a complete fee analysis and benchmarking investigation. At a minimum, you will know where you stand, what waste exists, if any. Quite possibly, we will be able to reduce the basis point fee structure, which can results in substantial savings over the life of the plan.

Q. The service we receive from current provider is not acceptable, but we don't what to go through the time and effort to change providers. How can we make it easy?

Most brokers, advisors, insurance agents and bankers will tell you that they can improve your plan, but only if you move the plan to another provider. Our analysis may recommend that you stay with your plan with only minor changes. If not, we do all the heavy lifting. Our process is designed to keep you involved but not impose on your time or staff.

Q. Do you have a simple sheet that bullet lists my fiduciary responsibilities?

Yes, please download at www.the401kexpert.com/

Q. How much do you charge for your services?

Our fees are negotiated upfront based on scope of services provided. However, you can benefit from a straightforward plan benchmark for a simple, flat fee. As your plan advocate, we deliver immediate value to the relationship in the compliance aspect alone.

Q. You are only in Arizona, can you still help my employees based nationwide?

Our firm has affiliate offices throughout the United States. However, if we initiate the relationship here in Arizona, be assured that our local team will also service your plan and employees wherever located nationally.

Q. Our company has tried everything to increase participation in the plan. What can you do?

Our clients have found that when quality education and communication are delivered on a regular basis, participation can begin to rise. [See testimonials]

Q. Some employees want financial planning advice. Can you help?

Yes. Of course, it is important that employees utilize the plan more and view it as a benefit. High quality employee knowledge and education can drive greater plan participation.

Q. How do we take care of highly compensated executives?

It is understood that your highly compensated employees are not able to defer the IRS tax maximum due to testing issues. There is a wide range of special tax-advantaged codes, and a corresponding number of plan solutions.

Q. Honestly, I feel alone in managing the plan.

Consider us your resource of resources. 401(k) Advisors - AZ can become your own 401(k) department. Be assured, we are your advocate.