Q & A

What are proprietary mutual funds?

A house-brand, or proprietary, mutual fund is created when the bank or brokerage firm that distributes the fund also acts an investment advisor for the fund.

How does hiring a fee based advisor help me with my 404c requirements?

As stated by the Pension Protection Act, "To ensure that advice given to employees is unbiased and in their best interest, it must be based either on a computer model or offered by a financial adviser who charges a flat fee that is not tied to the recommended investment products"

What can I expect from a Comprehensive Plan Review by KRC?

A full analysis of your current qualified retirement plan: hard and soft dollar cost, mutual fund selection, performance and availability, overall service, provisions offered, review of Investment Policy Statement, sucess of employee education, and administration.  We also offer a comparision of your current plan to other plan providers.

 What is the importance of creating an Investment Policy Statement?

The preparation and maintenance of the Investment Policy Statement (“IPS”) is one of the most critical functions of the fiduciary. The IPS should be viewed as the business plan and the essential management tool for directing and communicating the activities of the portfolio.  Your investment policy statement will set the guidelines for how investments in the plan are selected and monitored.