Jul 05, 2012 --- Financial Plan Inc. of
Bellingham, Washington, launched a new branch of business dedicated to
401(k) plans. ---
With its new program, Financial Plan is adding
more transparency and cost-effective solutions to Employee Retirement Income Security Act (ERISA) pensions, profit
sharing, 401(k) and 403(b) plans.
The fee-only model of Financial Plan allows its advisers, who
work as ERISA 3(38) fiduciaries, to put clients’ needs first and get
away from hidden fees. Financial Plan’s advisers are not paid on
commission, nor tied to any brokerage firms, platform providers,
third-party administrators or investment companies.
“Our process allows us to take on certain liabilities
associated with managing 401(k) plans that were previously left on the
shoulders of plan fiduciaries,” said W. Devin Wolf, wealth manager at
Financial Plan. “By rethinking every step of the process, we have built a
program that benefits plan participants, not brokers.”
Financial Plan works with plan sponsors and administrators to
ensure plans are designed in a simple way to accomplish goals. The
advisers also focus on participant education, which the company said is
the “single largest factor in future success.”
Additional information about Financial Plan’s new 401(k) branch is available at http://www.financialplaninc.com/401k.