While larger plan fees can come in below the 1% mark, many smaller companies are looking at fees anywhere from 1.5% all the way up to 3.5%.1
Plan solutions offer institutionally managed funds. This concept of “buying in bulk” could reduce overall plan fees.
Participants are often given expensive and confusing investment options that can be riddled with hidden fees, resulting in dwindling retirement savings.
Allows advisors to provide sponsors and their participants with clear and transparent investment guidance, lower-fees and lower-cost institutionally managed funds, and the option of BCJ built and managed funds.*
As the acting plan investment fiduciary, sponsors can be held liable for administrative missteps and plan audits.
Sponsors pass the fiduciary roll to BCJ** as the 3(38) for the plan. This mitigates the risk removes liability for investment management from the plan sponsor.
Sponsors and their HR Managers can spend countless hours managing all of the moving pieces within a complex 401(k) program.
NextLevel(k) combines the support of the plan advisor, plan service administrator and plan fiduciary to create a comprehensive administrative solution.
*BCJ Investment Model options are limited to the Tactical Overlay Model, BCJ ETF Navigator Model and BlackRock Model
**BCJ Capital Management LLC assumes the liabilities and risks of the 3(38) investment fiduciary role.
1- Everything you need to know about 401(k) fees. Alessandra Malto. Marketwatch.com. April 7, 2018 [1/24/19]