Intercontinental provides complete 401(k) plan advising to plan sponsors. This includes the selection of the plan administrator, managing the entire investment process and communication with management and plan participants. It is both important and prudent that employers engage financial advisors to assist them in the operation of their 401(k) plan.
Just as with our high net worth clients, these 401(k) clients receive independent advice that is specifically crafted to them. This provides employers with a layer of protection, and can enhance returns and participation rates. The process is outlined below.
Review the existing plan to understand its size, number of participants, problems with existing administration or advisor, average account size, participation rate and other factors
Obtain bids from different plan administrators
Recommend and engage the plan administrator
Determine the number and types of funds to be offered
Review and then select the actual mutual funds
Meet with the employees to discuss the origination or conversion process, the funds selected, different asset allocation models and investing in general
Provide quarterly updates on the performance of the selected mutual funds
Provide ongoing updates on regulatory issues and changes regarding defined contribution plans
Combining the investment experience of Intercontinental with world class plan administrators can create a robust 401(k) plan that satisfies both sponsor and participants.