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Investment Advice
Benefits & Compensation
Investment Advice
Exchange ideas about health plans, retirement, work/life benefits, and employee assistance.
Do you offer investment advice to your employees, and if so, how is it handled? We currently only provide annual employee retirement education to our workforce through our 401(k) administrator but emp
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Forums » Topic Forums » Benefits & Compensation » Investment Advice
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Investment Advice
posted at 7/19/2005 2:54 AM EDT
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Posts: 2
First: 7/19/2005 Last: 9/12/2007 |
Do you offer investment advice to your employees, and if so, how is it handled? We currently only provide annual employee retirement education to our workforce through our 401(k) administrator but employees always ask for specific investment advice. Thanks. |
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Investment Advice
posted at 7/19/2005 4:53 AM EDT
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Posts: 1783
First: 11/11/2003 Last: 5/13/2010 |
Due to fiduciary responsibility issues we do not provide investment advice.
Your 401k administrator should be able to explain to participants what various fund categories mean, such as small-cap and aggressive-growth; how to interpret the information presented in a prospectus; and also some rules of thumb in terms of how one should distribute one's investments among aggressive (i.e., more volatile) and more "stable" (i.e., less risky but less growth potential) funds based on one's planned retirement age. |
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Investment Advice
posted at 12/23/2008 6:41 PM EST
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Posts: 1
First: 12/23/2008 Last: 12/23/2008 |
Some of our clients will greatly benefit from having a professional make a comprehensive review of their savings, investment and protection plans. Even the best of financial plans evolve and this is a great opportunity to see where there are ways to improve your entire financial plan.
--------- smithsan Make Money |
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Investment Advice
posted at 12/24/2008 2:50 AM EST
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Posts: 2146
First: 2/15/2006 Last: 9/14/2011 |
All investment education is done through our recordkeeper and financial agent/broker. I stay totally out of the personal side since I am a fiduciary. But I do review the investments from the professional fiduciary side. |
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Investment Advice
posted at 12/24/2008 4:13 AM EST
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Posts: 2442
First: 2/12/2000 Last: 9/14/2011 |
The PPA of 2006 permits providers to provide investment advice and recommend their own funds without violating the fiduciary rules.
The Plan fiduciaries are only responsible for making prudent choices of the advisors and the plan options which is not a very high hurdle. |
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