401kActiveWatch

A 5 week timeline for 401kActiveWatch’s Plan Evaluation process.

WEEK 1

Collect necessary plan information for evaluation.

Information we need to collect
Plan Document, Adoption Agreement, SPD, Enrollment Booklet, Annual Testing Package, Recent Form 5500, Quarterly Plan Statement, and Auditor Report.

OBJECTIVE
Information on the plan will provide the basis for the evaluation.

WEEK 2 – Time for analysis.

WEEK 3

Presentation of Plan Evaluation.

The Plan Evaluation will include
Fiduciary Risk Assessment Guide – Fee Benchmarking Analysis – Plan Diagnostic – Efficiency Analysis

OBJECTIVE
Identifying any fiduciary risk and improving plan design.

WEEK 4 – Time to discuss course of actions with plan fiduciaries.

WEEK 5

Present proposals and recommendations.

The Proposal will include
bids from the best suited service providers – independent recommendations for the plan

OBJECTIVE
To allow the Plan Sponsor & Plan Fiduciaries to make better informed decisions.

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