Fund Selection >>
Most plans that promise a wide selection of funds only include funds that pay the providers fees. There may be hundreds of funds to select from but does this really give you an unbiased choice of investments? Many providers make their selection process sound objective, but having multiple families of funds to select from is not enough. Using these providers means there are conflicts-of-interest before you even start the selection process. Often these funds carry higher internal expenses and achieve lower performance.
Investment Guidance >>
Your employees have one chance to prepare for retirement and it is essential to provide them the tools necessary for success. At the end of the day, (or career in this case) the most important question is “how much money do I have for retirement?” There are three ingredients that impact the answer to this question. They are the length of “time” to prepare for retirement. The amount of “contributions” made each month to achieve retirement goals, and the “performance” that is achieved on those savings. “Time” and “contributions” are within each participant’s control. “Performance” is determined by the investments available within the 401(k) and the skill in using those investments to achieve the appropriate risk adjusted performance.
WealthHarbor Conservative Growth Managed Portfolio
Our experience suggests that many plan participants do not have the knowledge, expertise, or time to dedicate to proper portfolio management. That is why we offer a menu of Conservative Growth Managed Portfolio in addition to the traditional participant-directed menu. We designed the portfolios to provide professional assistance to those participants not comfortable with self-directed accounts. This portfolio management service is free to all participants and utilizes the funds within your plan. Your participants may choose to invest their plan assets through one of these managed portfolios.
Annual Due Diligence
WealthHarbor performs annual due diligence reviews on all investment options available in your plan. This review process includes recommendations to your plan on funds that should go on a “watch list” and funds that should be replaced. This annual report provides necessary information to assist with the fiduciary responsibilities of your plan.