It is not enough to simply have an Adviser tied to your 401(k) plan. It is important to have a co-fiduciary adviser linked to your 401(k) plan. Here are just a few examples of the difference between the fiduciary standard vs the suitability standard. In a increasing litigious 401(k) environment it is important to know that a Adviser is helping protect you. Only a Co-Fiduciary can and will take on this responsibility because:
1. They are required to put the interest of the firm and participants first.
2. As a co-fiduciary they too are held responsible for the plan offering and thus, have a vested interest in ensuring your 401(k) is compliant and best in class.
Alpha401k partners with small businesses to help them offer the very best plan while staying compliant. As a Plan Sponsor you are also a Plan Fiduciary, this brings an added burden of responsibility. Learn more about how we help you manage this burden and why the Co-Fiduciary Adviser plays such an important role in the overall success of a 401(k) plan.
View the entire Alpha Advantage Pyramid.