Compare 401(k) Costs

As the employer and 401(k) plan sponsor, it is your fiduciary responsibility to ensure that your plan is compliant with appropriate laws and regulations and that the plan is provided to plan participants at a reasonable cost.

So how do you know if your current plan costs too much? That’s easy. With just two documents, Synergy Financial Management can do a free cost comparison analysis:

1)     403(b)2 Fee Disclosure Form

2)     Balance by Fund Report

These reports are generally found with the Plan Administrator, which may be the company owner, CFO, director of HR, or office manager.

If the Plan Administrator does not have these documents, your Plan Provider will have them.

Once you have these two documents, send them to us securely, and we will provide you with a free report on your 401(k) retirement plan costs within 5 business days.

In the meantime, if you have any questions, please contact us. We are happy to help you understand your 401(k) plan and determine if your plan is the best retirement plan for your company or if improvements could make your retirement plan even better.