Bona-Fide. Comprehensive decision making.

Fiduciary Assistance

Compliance with ERISA statutes, including 404(c), is a necessary but sometimes difficult process. Barrow and Powers works with each employer to tailor a systematic approach to review and monitor these provisions. Most reputable 401k providers have available an outside, neutral third party fiduciary to serve as the “watchdog” for the investments in the plan. In addition, the provider themselves should step forward to be a fiduciary on matters other than the investments. Remember, even if these outside fiduciaries are in place, it still does not dismiss all liability of the trustees and other fiduciaries.


Benchmarking

How does your retirement plan compare with others in the same industry?


With extensive reports provided by neutral third-party benchmarking services, our consultants can measure your plan in areas such as:


  • > Due Diligence Support
  • > Plan Assets
  • > Employee Participation
  • > Cost
  • > Investment Diversity
  • > Asset Allocation
  • > Investment Monitoring
  • > Historical Average Deferral Rates

After the benchmarking process is complete, each area listed above can be measured and presented in a comprehensive report. This will allow the plan fiduciaries to make crucial decisions based on written evidence, rather than assumptions or guesswork.

Barrow & Powers
Financial Services, Inc
An Independent Registered Investment Advisor

401k Plan Consultants
401k Fiduciary Assistance
401k Fee Review & Analysis
401k Plan Design
Investment Committee Oversight
Employee Education Programs

256 N. Kentucky
Lakeland, FL 33801
(888) 575-3955 (toll free)
(863) 802-0333 (phone)
(863) 688-1306 (fax)