401(k) Plan Advisors

401(k) Plan Benchmarking

  • Glover Park Wealth Management is an established industry 401(k) retirement plan investment advisor.

  • Our firm has strong relationships across the industry with many of the large retirement plan providers, third party administrators, custodians and recordkeepers.

  • We use our industry expertise to introduce your company to the top retirement plan industry recordkeepers and consult on the 3(21), 3(38) & 3(16) fiduciary roles. 

401(k) Plan Design

  • 3(21) Co-Fiduciary, 3(38) Investment Manager & 3(16) Administrative Fiduciary. 

  • Glover Park Wealth works with our retirement plan industry partners to help your company design a 401(k) retirement plan that fits the goals and needs of your employees and company.  

  • Glover Park Wealth will help you select a retirement plan recordkeeper, custodian & plan fiduciaries. 

  • We also recommend that our plan sponsor clients hire a 3(21) Co-fiduciary, 3(38) Investment Manager & 3(16) Administrative Fiduciary to handle the fiduciary duties of the 401(k) plan. 

401(k) Plan Monitoring 

  • Consult on the type of 401(k) plan that fits best for the employee participants and plan sponsor.

  • 401(k) Plan adoption documents agreement.

  • Send out plan notices to employees about the plan and how to participate.

  • Annual plan testing to ensure compliance or Safe Harbor Plan Design

  • Process loans and distributions in accordance with the plan adoption agreement and ERISA regulations

  • Benchmarking the plan costs to keep fees competitive.