Developed exclusively for Trek Financial Advisors, Next Level(k) provides a dedicated in-house retirement plan support team, access to industry-leading tools & resources, top service provider alliance, and access to Trek built and managed investment models.
The cornerstone to any benefit package is a retirement plan.
With such a large selection of retirement plans to explore and research, taking the time to find the most appropriate plan may not be top priority on your business calendar.
We understand the unique needs of plan sponsors and their participants. We work closely with our clients to determine the appropriate plan design, create an investment lineup focused on enhancing participant outcomes, educate participants on the importance of saving, and help plan sponsors comply with ERISA to successfully manage their fiduciary obligation. In addition, we work with you to create a sound investment platform, reviewing your Investment Policy Statement to help with the selection and monitoring of plan investments.
While larger plan fees can come in below the 1% mark, many smaller companies are looking at fees anywhere from 1.5% all the way up to 3.5%.1
Plan solutions offer institutionally managed funds. This concept of “buying in bulk” could reduce overall plan fees.
Participants are often given expensive and confusing investment options that can be riddled with hidden fees, resulting in dwindling retirement savings.
Allows advisors to provide sponsors and their participants with clear and transparent investment guidance, lower-fees and lower-cost institutionally managed funds, and the option of Trek built and managed funds.*
As the acting plan investment fiduciary, sponsors can be held liable for administrative missteps and plan audits.
Sponsors pass the fiduciary roll to Trek** as the 3(38) for the plan. This mitigates the risk and removes liability for investment management from the plan sponsor.
Sponsors and their HR Managers can spend countless hours managing all of the moving pieces within a complex 401(k) program.
NextLevel(k) combines the support of the plan advisor, plan service administrator and plan fiduciary to create a comprehensive administrative solution.
10 COMMON MISTAKES IN SMALL BUSINESS RETIREMENT PLANS
Too many business owners are just too swamped to know every move that is made with their company retirement plans.
*Trek Investment Model options are limited to Dynamic Allocation Strategy model, Tactical Allocation Strategy, Tactical Dynamic Allocation Strategy, Sector Allocation Strategy model, Fixed Income Allocation Strategy model, and select BlackRock models.
**Trek Financial, LLC. assumes the liabilities and risks of the 3(38) investment fiduciary role.
1- Everything you need to know about 401(k) fees. Alessandra Malto. Marketwatch.com. April 7, 2018 [1/24/19]
Service Office:
8355 E. Hartford Drive, Suite 105
Scottsdale, AZ 85255
(480) 483-1510
Email: info@trekfinancial.com
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