You like your current 401(k) "guy", but why? Employers readily say they like their current 401(k) "guy" when asked, but if they could see the full picture, they might react differently - Insurance News | InsuranceNewsNet

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July 16, 2018 Newswires
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You like your current 401(k) “guy”, but why? Employers readily say they like their current 401(k) “guy” when asked, but if they could see the full picture, they might react differently

PR Newswire

401(k)-plan advisory and administrative fees may not be fair or reasonable, there may be average quality investment funds with hidden fees, and most importantly, there may be a lack of dedicated participant support for more successful retirement outcomes. Why the contradiction?

OVERLAND PARK, Kan., July 16, 2018 /PRNewswire/ --  FixedFee401k, a low-cost 401(k) provider focused on maximizing participant results, can explain why.  Our research shows that employers often field calls from 401(k) providers saying they have something new … when frankly they don't. It's just another 401(k) mash-up – combining asset-based fees, investment funds with hidden fees and an advisor whom usually only the employer knows, and employees have never met.  Throw in some complex industry jargon and mix all that together with the same old industry practices and you get a 401(k)-plan that's likely no different from prior versions.

FixedFee401k logo (PRNewsfoto/FixedFee401k)

So honestly, the thought of changing 401(k) providers sounds like a lot of work for nothing.

FixedFee401k Plan Solutions ARE different.  But How?

  • Administrative services are priced on a fixed-fee basis to help provide 401(k)-plan participants a better opportunity to cost-effectively save for retirement. This means 401(k)-plan fees don't increase as plan assets grow and participants keep more of what they have saved.
  • Better investment funds with no hidden fees at their lowest possible cost.
  • The advisors and staff are knowledgeable and willing to go the extra mile for both the plan sponsor and participants.
  • A smooth transition from your old plan to your new plan, with continuous support as needed.

To the surprise and delight of both employers and plan participants.

FixedFee401k provides complete, dedicated support for both the plan sponsor and its participants to help maximize results. FixedFee401k puts the focus where it belongs – on the participants.

Free 401(k) plan cost estimates are available by visiting FixedFee401k.com or you may contact them at [email protected] for more information.

FixedFee401k is a retirement savings plan service provided through Wilborn Advisors in Overland Park, Kansas. Wilborn Advisors travels extensively for their clients and is a proud part of a much larger firm, V Wealth Advisors with over 35 advisors and approximately $1.5 billion under management. Investment advisory services provided through V Wealth Advisors LLC, a registered investment advisor, doing business as "Wilborn Advisors".

For More Information:

Susan Wilborn, [email protected], 913.908.1054

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/you-like-your-current-401k-guy-but-why-employers-readily-say-they-like-their-current-401k-guy-when-asked-but-if-they-could-see-the-full-picture-they-might-react-differently-300681041.html

SOURCE FixedFee401k

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