Your 401k Plan - Annual Plan Sponsor Meeting

Annual 401k Meeting With Your Advisor

Dear 401k Plan Sponsor:

The cooler weather approaching is always a reminder that its a good time to take those necessary steps required under ERISA to manage a good, healthy 401k plan for you and your employees. Routine maintenance, you might call it.

Plan sponsors (that's you) should meet at least once a year with the plan's investment advisor (that's me) to review the plan document, any changes in the fund line-up, and evaluate all plan vendors (namely Safe Harbor Financial and Retirement Plan Consultants). We document your annual meeting for you and update our fiduciary audit binder.

What Do We Normally Cover in a Meeting?

Review Executive Summary Report and various Plan performance metrics.
Review the most recent Quarterly Investment Review & Monitoring Report.
Review investment performance of the fund line-up (any changes
Review fees charges to the plan or to the Plan Sponsor.
Discuss any new enrollments or Inactive participants.
Any other issues or concerns.

I also like to review the owners of the company's personal 401k statement as well.

When?

Please reach out to Lynn Lee, our Client Service Manager, about a convenient meeting time. A meeting should last about an hour and I'm happy to travel to your place of business.

You can contact Lynn at:

Lynn@bkennedycpa.com, or 912-489-1222.

Yours Truly,

Brian Kennedy

J. Brian Kennedy, CPA, CFP®

Safe Harbor Financial Planning & Investment Advisory, LLC is a Registered Investment Advisory Firm. The information set forth herein has been obtained from sources that the author believes to be reliable. However, the author does not make any representation or warranty, express or implied, as to the information's accuracy or completeness, nor does the author recommend this information serve as the basis of any investment or tax decision. This document has been provided to you solely for information and/or educational purposes only and does not constitute an offer or solicitation of an offer, or any advice or recommendation, to purchase any securities or other financial instruments or products, and may not be construed as such. Seek legal counsel for specific advice.

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