401(k) Health Check™

 

TSC understands that fiduciary liability is a major concern for Plan Sponsors.  That is why we have developed the TSC 401(k) Health Check™.  This is a quick and easy tool that identifies areas of your Plan that can be improved to help you meet your primary fiduciary responsibility, which is to act solely for the benefit of Plan participants.

Focusing on participants’ retirement benefits is the most important thing you can do to meet your fiduciary responsibility.  It’s also the cornerstone in making your Plan successful.  We’ve made the he 401(k) Health Check™ easy by addressing just four key items that have significant impact on your employees’ retirement benefits. 
These items are:
   
Participation Rate
Of the eligible employees, what percentage are contributing?
 
Contribution or Deferral Rate
Of those contributing, what is their contribution rate? 
Are your participants setting retirement benefit goals?
 
Quality of Investments
Are the investments offered to participants appropriate for achieving adequate retirement benefits?
 
Quality of Investing
How are participants selecting and monitoring their individual investments in the plan?

Reviewing the TSC 401k Health Check will help you make your retirement plan successful and reduce fiduciary liability.