If You’re New to This Site, You’ll Likely First Want to Know: What’s Trustee Empowerment & Protection All About? What Can It Do for My 401(k) Plan and Me (As a Plan Trustee)?

Well, the main thing it can do is provide you and your fellow trustees with a comparative analysis of the investment choices within your plan. Our “Investment Choice Protective ReviewSM” is an independent “second opinion” showing just how good (or not so good) the choices within your plan actually are compared, not just to a benchmark index, but in comparison to all of the other available mutual funds and/or ETFs you could have selected.

Until now, this important information has never been available to any plan.

Here why you need one.

First, it uniquely empowers plan trustees (in other words you) to answer to this key question: “How did our choices do versus all of the others we could have selected?”

And, if you can’t answer that question, there’s no way to know how good your choices really are.

Knowing that can actually help protect your company and you, individually, from being sued.

You need to be aware that there is rising wave of ERISA class-action lawsuits against companies and trustees. Today, the largest claims are for offering chronically underperforming investment choices to their plan’s participants.

Many of these cases are settling or resulting jury verdicts in the millions, if not tens of millions, of dollars.

And you’ll likely be alarmed to learn that relying on the advice of your plan’s investment advisor is not a complete defense to such claims.

Something additional is needed . . . a protective review.

By helping improve your plan’s investment choices, you will also be improving the chances of better (possibly dramatically better) investment results for you and your plan’s other participants. And isn’t that actually the main purpose of having a 401(k) plan . . . to improve the retirement security of plan participants?

A protective review will also enable you to better exercise your ERISA-required fiduciary oversight over the activities and recommendations of your plan’s investment advisor. Without this power, lack of accountability has too often resulted in poor investment choices being held in plans for far too long.

You will likely be shocked when you see how much being in bad performing funds has cost you and your plan’s participants.

The good news is that you and/or members of your team can be licensed and trained to internally perform this protective review, or we can arrange for a licensed and trained independent investment advisor to perform it for you.

Either way, don’t wait. Get started now to see how good your plan’s investment choices are and how much better they could be.