In this episode of 401k Cowboys, we dive into one of the most overlooked — but critically important — aspects of managing a company retirement plan: oversight and accountability.
Do you know if your plan has a 3(21) or 3(38) fiduciary advisor? 🤔
Do you know who is paying the plan fees — your company or the participants?
Have you checked if your record keeper, TPA, or administrator is charging a fair and competitive rate?
If you can’t confidently answer these questions, it might be time to sharpen your pencil — before the Department of Labor does it for you. 📝⚖️
👉 Learn how plan fees are often adjusted
👉 Why transparency with service providers matters
👉 How to protect your employees — and your business — from compliance risks
Don’t wait until someone knocks on your door. Watch now to understand what questions you should be asking today.
#401kCowboys #401kPlans #FiduciaryResponsibility #RetirementPlanOversight #PlanFees #DepartmentOfLabor #FinancialWellness #SmallBusinessFinance #TPA #RecordKeeping
