The Pension Protection Act of 2006 enables us to provide this same service to employers on behalf of all their employees. This service is provided as a flat annual fee based on the number of employees.
Here is how the service works:
- We work with your employees to promote their participation in your 401K program and to assess their risk factor. We group all employees into Conservative, Moderate, and Aggressive risk categories based on their age, years to retirement, general risk tolerance, and other considerations.
- Our professionals analyze the funds in your 401K program and make the initial suggested allocations to each employee in each risk category. These recommendations include specific percentages for each of the suggested funds. Employees may use current tools to modify their allocations accordingly.
- We continually reevaluate the financial market conditions to determine when employees in each risk category need to adjust their allocations to 'minimize the lows and maximize the highs'. When a reallocation is needed, we send all employees a "Market Condition Alert" email containing their new suggested allocations.
- We also send monthly "401K Progress" emails when no reallocation's are needed to confirm that we are continually monitoring their 401K funds.