Know your options when selecting a 401(k) adviser for your business
Check out our interactive tool to compare the range of services offered by different types of 401(k) plan advisers.
401(k) ADVISER TYPES SUMMARY
Tap each section for details.
Robo Advisers and Payoll
Companies
If you’re just getting started these companies offer the basics
If you’re just getting started these companies offer the basics
Robo Advisers: Varies
Payroll Providers: Can be added-on for a fee
COMPARE SERVICE LEVEL
- Adequate for simple or new plan designs
- Offer standard plans with minimal customization
- Robo advisers use software algorithms to auto-allocate assets
- Rely on web-based self-service
- Dedicated 401(k) support is generally not provided
National Brokers, Insurance Companies and Mutual Fund Organizations
May have a bias towards their own mutual fund and insurance product offerings.
May have a bias towards their own mutual fund and insurance product offerings.
Broker: Limited
Insurance Company: Limited, or may refer to an affiliate for a fee
Mutual Fund Organizations: Limited, or for larger plans, may refer to an affiliate for a fee
COMPARE SERVICE LEVEL
- 401(k) is typically secondary focus; primary contact handles less than 10 company 401(k)s
- Pricing may be complex and lack transparency
- May have proprietary product requirements or biases
- Rely on web-based self-service
- Complex insurance offerings such as annuity products
Local Registered Investment Advisers
Business focus is typically built on serving high net worth individuals.
Business focus is typically built on serving high net worth individuals.
Local Registered Investment Advisers: Varies
COMPARE SERVICE LEVEL
- 401(k) is typically secondary focus and manages less than 10 company 401(k)s
- Pricing may be complex and lack transparency
- nvestment options may be influenced by their 3rd party affiliation
- Fewer resources to support plan administration & employees
Fisher 401(k) Solutions
A national, independent registered investment adviser solely dedicated to small business retirement plans.
A national, independent registered investment adviser solely dedicated to small business retirement plans.
Fisher 401(k) Solutions offers full fiduciary coverage, taking on liability for selecting and monitoring funds in the plan.
COMPARE SERVICE LEVEL
- Transparent fee for ease of meeting fiduciary responsibilities
- Institutional class funds leveraging Fisher’s world-renowned investment expertise
- Open investment platform and support for all levels of investors
- Flexible plan options to meet business needs
- Dedicated Retirement Counselor and 401(k) specialist—resources to support your plan administration
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