Can PFS Group manage my 401(k), 403(b), Defined Benefit Plan, Profit Sharing Plan, or Money Purchase Pension Plan with my current employer?
Generally speaking, most employers who sponsor retirement plans for their employees have worked with their plan administrator to select a financial advisory firm for the plan, and, in many cases, have also worked with the advisory firm and the plan administrator to select specific investment options to be offered to the plan’s participants. Most employers are unwilling to allow their plan participants to work with us as their advisory firm for their retirement plan assets, as it can involve a revision to the retirement plan document, and an additional cost in plan administration fees.
Related Questions
- Will participation in a defined benefit plan (state pension plan such as CalSTRS in California or TRS in Texas) affect ones ability to contribute the maximum elective deferral limit to a 403(b) plan?
- Can PFS Group manage my 401(k), 403(b), Defined Benefit Plan, Profit Sharing Plan, or Money Purchase Pension Plan with my current employer?
- How may the participants retirement benefit be divided if the pension plan is a defined benefit plan?
