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If you would like to reduce your fiduciary liability as an employer
you can have us come speak at your work. Just give us a call or send us an e-mail.
Part of the value of us speaking to your company
is to help reduce liability. The Department of Labor has issued many guidelines
for employers to follow. As part of ERISA (The Employee Income Security Act), Section 404-C has many provisions that
help employers who have employee directed benefit programs. In particular, Interpretive Bulletin 96-1 (otherwise known
as Safe Harbors) spells out four categories that any information or materials you provide should fall under. Our
materials fall under at least one or more of the categories, which makes our materials acceptable. This shows you
are taking extra steps to assist your people with making more informed decisions. So we are actually reducing potential
liability.
Employers
see an increase in benefit participation rates when employers provide financial
education. you will also see a positive impact on employee retention, recruitment and attendance.
By having this information delivered through an independent third party, you complement and reinforce what your benefit provider
is currently doing to inform your employees. You also avoid a perceived conflict of interest. There is a correlation
between financially secure employees and employee productivity and stability, many employers are showing interest in delivering
quality financial education programs but are often unsure where to begin. We can assist you with this process in a manner
that treats your employees with respect while
providing the necessary tools to help them improve their financial well being.
In many cases employers are providing employees with information on the
specifics of their benefit plan. This is an important step but should not be confused with the type of service
we offer. With the current climate of the economy, the stock market, and recent events regarding Enron, WorldCom and
other employers, it is important to educate employees on financial matters. Thousands of Americans have seen their 401(k)
accounts fall during this last crash from 2000 to 2002. Many employees have lost everything. In just one
hour, they can learn valuable information to help them protect their future and their 401(k). Quite simply, if you don't
assist employees in this area, many of them may never receive the knowledge needed to make educated and well informed decisions
regarding financial matters.
We
realize you will be bringing us in to educate, not sell. By offering this type of service we assist people
with developing a better understanding of key issues they may need to confront, which often leads to people seeking us out
to assist with financial issues. We are licensed in investment securities and insurance. We have a system in place
that allows us to provide the support your people deserve. If any seminar attendee requests a follow-up meeting with
our firm, we will contact them to set up an appointment. If we do not receive a request, our firm will not contact them
at any time in the future.
If you would like us to contact you about speaking at your company just click here
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