Why the Big Name 401k "Powerhouse" Companies CAN'T Fix your 401k Plan

Our “service team” firms are not exactly household names...we know.  You might be doing business with John Hancock or Merrill Lynch right now.  How can we expect you to make the switch to our no-name team? 

We are not “big name” by any measure – although you’ll note that our senior members have worked with major firms and large clients in prior lives.  Our common thread is that we now all work as wholly independent advocates – always serving the best interest of our clients. 

In the 401k world, the huge firms that advertise at the Olympics and during football games are the ones who have caused the need to revolt.  They are the ones selling high-cost funds (Vanguard excepted) and siphoning exorbitant fees from your participants’ accounts.  They are the ones providing services that result in 60% (or lower!) participation and poor investment behaviors by participants.  Looking to them to do away with high-priced, actively managed funds is asking them to put themselves out of business.  It’s not going to happen.

So you really need to work with a more “maverick” firm on this problem.  We’re not beholden in any way to the 401k establishment and we are not competing for assets.  The “big name” players in our solution are TD Ameritrade (trust/custody) and Vanguard (investments).  But the biggest name player is you and your company.  Ultimately it’s your company’s plan and your participants’ money.  We are providing a solution that is in your best interest and we are your advocate in getting you to a successful plan.