Retirement Plan Services from 401k Extra
Friendly services focused on meeting company goals and empowering employees to save confidently.
Fiduciary Support & Training
We have served our clients with fiduciary best practices for over 36 years. Even before it was required by law, we knew that putting our client's interests before our own was the right thing to do. Our experts can accept fiduciary status as
a 3(21) Investment Advisor and/or 3(38) Discretionary Investment Manager.
As your retirement plan partner,
we provide fiduciary training
and can help you implement
a prudent process for
managing your responsibilities
as a plan fiduciary.
Measuring 401k Plan Success
401k Extra utilizes industry-leading tools to implement effective processes and help you manage a compliant plan.
Plan Governance & Compliance
Proactively remedy potential red flags
- Streamline plan administration
- Align goals & processes with plan documents
- Confirm & document proper roles
- Ongoing fiduciary training & education
- Secure document storage
- ERISA Support Team
We can help you measure the health of your retirement plan and uncover potential opportunities.
By partnering with 401k Extra, your employees will have access to specialized 401k advisors and financial education. Offering holistic education and financial benefits can help reduce employee financial stress. This has a big impact on turnover, productivity, company culture, and a healthier bottom line.
Financial Wellness & Employee Education Programs Work
Employers say financial wellness & employee education programs:*
*Bank of America. "Navigating a New Era of Financial Wellness." Jul. 2022.
Plan Design Consulting
Retirement plan design is not a one size fits all solution. That is why we start with a goals analysis to understand what you would like your plan to accomplish.
Many Colorado business leaders are looking for a plan that can help:
Maximize owner contributions
Reduce corporate taxes
Recruit, retain & reward employees
Improve retirement savings
Satisfy testing requirements
Reduce administrative headaches
Our team of experienced financial professionals are meticulous when it comes to investment oversight. We have a rigorous selection, tracking, and replacement process for investments. This enables you to compare the performance, features, behavior, and general suitability of each investment as a possibility for your plan.
Our process helps guide investment decisions and strives to protect the investment committee.
This includes the development of an Investment Policy Statement (IPS) which will serve as a road map for selecting and monitoring plan investments.
We assist you in selecting a competitive list of investments that align with the needs of your employees.
These investments may include index funds, mutual funds, collective investment trusts, managed accounts, target date funds, and other options.
As we periodically review your fund offerings, we will benchmark investment performance and expenses.
Monitoring with the goal of ensuring investments remain consistent with plan objectives and IPS criteria is a critical part of the process.
Plan & Vendor Benchmarking
In order to keep your plan running smoothly, you rely on the support of service providers. However, not all providers are created equal. We help our clients evaluate their current service providers, the tools and technology they offer, and the value they bring.
Our fee benchmarking and provider search can enhance your plan and experience by comparing over 400 data points in key areas that include:
Investment platform flexibility
Employee education services
Costs & fees
Get a complimentary vendor benchmarking analysis to learn if your plan is competitive.