In recent months, there
has been a series of ERISA-based class action lawsuits filed against
service providers challenging the fees charged to 401(k) plans.
Granite Retirement Services, LLC, has the answer:
The ETF 401(k) Solution
The ETF 401(k) Solution is a revolutionary new approach to 401(k). The ETF 401(k) Solution
is designed for small and medium sized companies and gives all plan
participants access to personalized one-on-one investment education
from an experienced financial adviser. The ETF 401(k) Solution is on the cutting edge of the retirement planning solution because The ETF 401(k) Solution uses exchange-traded funds (ETFs) as the plan's primary investment option.
The ETF 401(k) Solution
offers five professionally managed all ETF portfolios. Each plan
participant fills out a suitability questionnaire to help in
determining which portfolio is appropriate.** Unlike target date funds,
each portfolio is risk based: Capital Preservation, Income, Income & Growth, Growth, and Aggressive Growth. The portfolios are actively managed by Wilmington Trust Company, one of the most successful money management firms in the United
States. These accounts are comprised totally of Exchange Traded Funds
and offer efficiency with a low cost structure.
In addition to the five managed ETF portfolios,
the plan sponsor has the ability to select individual ETF collective trusts. There are no "hidden costs" - all
costs and fees are fully transparent. Because of this, all plan
participants know exactly where their money is going and how it is
working for them.
The ETF 401(k) Solution provides an investment policy statement and an investment management fiduciary* to oversee fund selection and defend its decisions.* Record keeping and administration services are also provided.
The ETF 401(k) Solution
offers on-site enrollment meetings, on-site educational investment
seminars, individually managed ETF portfolios, and disclosure of all
fees.
Granite Retirement Services, LLC, has designed The ETF 401(k) Solution to
be a low cost efficient alternative to compete with variable annuity
401(k) plans from insurance companies and "bundled" 401(k) plans from
mutual fund companies.
The ETF 401(k) Solution could be the best total 401(k) solution for small and medium sized companies.
*An individual, corporation or association holding assets for another party, often with the legal authority and duty to make decisions regarding financial matters on behalf of the other party. (Source: http://www.investorwords.com/1932/fiduciary.html)
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Securities and advisory services offered through NPC of America (NPCOA), Member FINRA/SIPC,
a Registered Investment Adviser. Granite Retirement Services LLC,
Wilmington Trust Company, Fiduciary Asset Management, Lazard Asset
Management, and NPC are separate and unrelated companies.
**Fiduciary Asset Management and Lazard Asset Management, SEC Registered Investment Advisers, provide plan participant advice
through the use of a questionnaire designed to direct the participant
to an appropriate ETF model portfolio. Participants may independently
choose to invest in securities outside of the ETF model portfolios.
NPC IARs provide educational services to plan participants.
An
investment in Exchange Traded Funds is subject to risk. The value of
an investment and the return on invested capital will fluctuate over
time, and, when sold or redeemed, an investment may be worth less that
its original cost. ETFs will fluctuate with changes in market
conditions and may not be suitable for all investors. In many cases
ETFs have lower expense ratios than comparable index funds. However,
since ETFs trade like stocks, they may be subject to brokerage fees and
trading spreads. ETFs do not necessarily trade at the net asset values
of their underlying holdings, meaning an ETF could potentially trade
above or below the value of the underlying portfolio.