HCE Posted February 6 Posted February 6 We have a client with a 401(k). The client does not want to hire an investment consultant. Instead, they are looking for a resource for where to get a report of metrics for the investments in the Plan so they can do this work themselves. Does anyone know of a good resource for this? I understand the benefits of an investment consultant and they have been communicated to the client, but this is their decision.
Bruce1 Posted February 6 Posted February 6 Morning star or we use firm plus. Every investment/mutual fund will have a fact sheet and prospectus. Record keepers can have hundreds of investment options, so they can feel free to read through them if they like lol! Information on investments are generally readily available. I've seen 3(38)'s at 10 bps. Good luck!
Popular Post Paul I Posted February 6 Popular Post Posted February 6 I observe that if the client has no clue where to find a resource on which to base their investment decisions, they should not be making any investment decisions for the plan. You may want to point the client to articles about their fiduciary responsibilities and the risk they are taking by doing a task for which they are not qualified to do. Here is an example: https://www.employeefiduciary.com/blog/meeting-401k-fiduciary-responsibility Good luck! ratherbereading, Bill Presson, WDIK and 2 others 5
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