Full Service 401k Plan Management
An Independent Fiduciary
Southbridge Advisors is a Registered Investment Advisor (RIA). This means we have the fiduciary responsibility to place your interests, and those of your employees, ahead of all others to assure conflict-free services with fees that are fully transparent.
As independent, objective professionals, we partner with the leading custodians and record-keepers, providing you with a best-in-class plan, free from hidden costs. We act as the quarterback for your Plan, proactively managing and collaborating with world-class 401k partners to provide excellence across all facets of your 401k Plan. Our approach helps keep costs low, which benefits participants. Together we will assemble the 401k plan that best suits both your business and your employees.
Our participant services are designed with one goal in mind: to improve retirement readiness for employees. Through both industry standard services and value-added creative strategies, we deliver custom participant education and investment advice. As fiduciaries, our loyalty is to the participants, assuring objective services such as:
- Participant advice
- Managed investment models
- Video enrollment
- One-on-one retirement plan meetings
- Onsite education
- Smartphone and iPad financial planning apps
- Participant communication, including newsletters, webinars, and seminars
- Tax credit assistance for participants
Ongoing Investment Monitoring
Are you relying on your record-keeper or a broker for investment monitoring, a process that is inherently conflicted? At 401k ProAdvisor, we act as an investment watchdog, continually reviewing the fund selection, fees, and performance of your plan. Every quarter, we conduct a detailed review of your plan investments, providing you with our monitoring report and investment review, along with an action report with specific recommendations changes. Ongoing plan monitoring can eliminate poor performing options, keep costs low, and reduce plan liability.
Fiduciary Investment Management
As the sponsor of a 401k plan, the Employee Retirement Income Security Act (ERISA) requires you to meet a number of legal requirements and obligations. At 401k ProAdvisor, we serve as a fiduciary manager to all types and sizes of 401k plans. We can provide a number of fiduciary services, from limited advice and assistance as an ERISA 3(21) fiduciary, to full discretionary management as an ERISA 3(38) fiduciary, which relieves the plan sponsor of duties and liabilities for this function. Through our TPA partners, we can also provide plans with 3(16) fiduciary services for administration. Plan sponsors can effectively transfer nearly all of the responsibility, workload, and liability to others when working with 401k ProAdvisor.