Salt Lake City Office
2150 East 1300 South,
Most prudent plan sponsors hire a best-in-class team to help them offer a retirement plan that best meets the needs of their employees and their company and adhere to rigorous ERISA standards.
Who You Need on Your Team
It is your responsibility to hire the experts. TruNorth Investment Management has extensive experience with 401(k) plans and we work with the top TPA Firms, and trusted, nationally recognized record keepers and custodians.
The financial advisor on your plan is the relationship lead and coordinator who understands and implements your company’s current objectives while navigating the intricacies of what needs to be done and when, in order to keep the plan in compliance and running smoothly. Working with a competent, experienced advisor can help you clean up your plan, moving former employees which may reduce your fees and your potential liability.
Your Advisor is Responsible for:
Your TPA is responsible for:
Your Custodian: acts as the bank, they physically hold and safe-keep the assets and provide the platform for investments.
Your Record Keeper: the bookkeeper of the 401(k) plan, the job of the record keeper is to track who’s in the plan, what investments they own, and what money is going in or out. The Record Keeper:
A good 401(k) plan attracts top talent, builds high performance teams, and increases employee retention.
Having a knowledgeable 401(k) advisor benchmark your plan is one of the easiest and most beneficial actions you can take as the plan sponsor.
Knowing about common mistakes and how to avoid them can keep your plan on track and your company out of trouble.
"Talent wins games, but teamwork and intelligence win championships."