Whether you have an existing plan, looking to open a new plan or upgrade the plan you already have, there are four things you need to consider that can significantly improve the quality of your plan: having the right plan design, minimizing plan cost, managing your fiduciary liability as a plan sponsor and selecting the right plan services that can both minimize your fiduciary liability and help plan participants achieve better investment results.
This article addresses the following topics:
- Selecting a TPA
- One-size-fits-all Plans
- Revenue Sharing
- Bundled vs. Unbundled
- Fiduciary Adviser Safe Harbor
- Fiduciary Adviser vs. Investment Committee
- Helping Plan Participants Do Better
Finally, the article provides guidelines on how you can run a successful plan, especially if your practice has employees.
To read the full article, please visit The White Coat Investor blog.