The Benefits of Riverside’s 401K:
1. Riverside IP’s Fiduciary Responsibility
Riverside IP is an ERISA §3(38) Fiduciary. Riverside IP will accept in writing 100% of the fiduciary liability to select, monitor, and replace investments in the plan. RIVERSIDE IP removes this liability from the plan sponsor (typically the business owner).
Riverside IP will guide participants to low-cost, diversified portfolios specific to their individual risk capacity. This method has been shown to increase participation, improve returns and lower fees.
3. Better Investments
Riverside IP only uses investments it determines are in participants’ best interests. These include low-cost Exchange Traded Funds that pay no revenue sharing fees.
4. Total Transparency & Disclosure
Riverside IP will disclose in writing its fee and will also send quarterly notices detailing how its fee was calculated and charged. This practice enables simple fee benchmarking and cost comparisons for plan sponsors.
5. A Qualified Team of Experts
Riverside IP’s plans are unbundled. Each service provider demonstrates their worth for the fee they charge. RIVERSIDE IP works with experts in each area, including Administration/Compliance, Custody, Recordkeeping, and Investments to provide superior service.
6. Direct Benefits for Plan Sponsors & Participants
The value of a Riverside IP 401(k) to plan sponsors and participants is enormous. In takeover plans, Riverside IP can:
- Lower fees
- Increase participation
- Improve returns
Let’s Get Started today…