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FEES MAY BE UNDERMINING YOUR 401(K) PLAN

A big change that took place in 2012 was the implementation of new fee disclosure regulations. As part of the new requirements, each covered service provider must disclose detailed information to plan sponsors about fees charged and the services provided for those fees. Part of a plan sponsor’s fiduciary duty is to monitor expenses, and these disclosures are a great tool for this. So, if you haven’t done so already, dust off the disclosures and read them!

Chances are you’re paying too much. And besides the obvious problem of paying more than you should, did you know that the fees on your plan can be high enough to effectively wipe out one of the primary benefits you receive by having a 401(k) in the first place?

At Anchor Bay Capital, Inc., we’re an ERISA 3(38) Fiduciary, which means we will assume the responsibility of your plan to assure those fees remain low.

The bottom line is the more you can cut expenses, the more you save, the more it builds and multiplies and the more you can withdraw and live on in retirement. Fees are an incredibly important part of your plan.

LOW FEES… JUST ONE MORE REASON WE’RE A BETTER CHOICE

At Anchor Bay Capital, Inc., we are independent and don’t sell investment products or earn commissions. We are your protection from, and answer to providers who are out to maximize their profits at the expense of participants. We’ll help to educate you and provide plans that don’t layer fees, and we’ll encourage you to utilize plan policies that can help you increase retirement savings and avoid high fees.