Its 408b2 Rules Kit and consulting services will take the burden off plan sponsors to evaluate the disclosure information that will be forthcoming. Further, 401k ProAdvisor will identify fiduciary breaches, conflicts, cost control issues and highlight areas that need additional fiduciary follow-up.
If necessary, 401k Pro Advisor can negotiate fees across service providers to meet the test of reasonable compensation.
“As a fiduciary, the plan sponsor is duty-bound to understand, review and monitor this newly disclosed information,” says William Kring, CFP designee and chief investment officer of Wealth & Pension Services Group, Inc. and founder of 401k ProAdvisor. The company notes in instances where the plan sponsor needs outside assistance, the Employee Retirement Income Security Act (ERISA) requires that prudent experts are hired.For more information on the 408b2 Rules Kit or fiduciary consulting services, call 770-333-0113 or visit http://401kProAdvisor.com.