Most employer plan sponsors use an investment adviser to help them with their 401(k) plans. This is a smart decision since most advisers are able to save plan sponsors at least as much as they charge in fees each year. How can you tell if you are working with a good investment adviser? Top advisers:
- Sign-on to your plan as a fiduciary. This service has now become a litmus test for hiring an investment adviser. Simply stated, you should not hire or work with an adviser who will not sign on to your plan as a fiduciary.
