The 401k Service Solution™
TOOLS and Subscription OVERVIEW

Current literature list and subscription options

 
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To help the service professional gather data and the plan sponsor to document the steps they are taking towards ERISA compliance, there are 21 worksheets available that can be printed and used individually, or presented as a workbook to accompany each education guide in the process of understanding and documenting fiduciary compliance.

These worksheets are fully customizable and printing can be done by designees in-house, outsourced, or ordered through FSS.

These worksheets include:

1. The Employer Report Card: This score sheet will give plan sponsors an idea of how well they are currently fulfilling their responsibilities and contributing to the overall success of their plan - and help service professionals identify shortfalls that can lead to opportunities to step in and provide a solution.

2. Identifying Service Shortfalls: This worksheet can help a plan sponsor review the services on their existing plan and identify areas of possible improvement - and help service professionals identify weaknesses of the prospect's current provider.

3. Goals and Objectives: This worksheet is a value-added tool to help the plan sponsor document the goals and objectives for their plan, and give them a valuable starting point for benchmarking the success of their plan against written goals and objectives.

4. ERISA Compliance Checklist: This worksheet is designed to evaluate the knowledge level of the plan sponsor and address any fiduciary issues that could hinder plan success.

5. The Employee Report Card: This score sheet is designed to gauge participant retirement readiness, evaluate how much they understand about their plan, and is a valuable benchmarking tool for monitoring the success of the plan's participant education program.

6. The IPS IQ: This worksheet is designed to evaluate the knowledge level of the plan sponsor and educate them on those issues they may not be aware of.

7. The IPS Development Checklist: This worksheet allows the plan sponsor to document their decision making process as it relates to the management and review of the investments within their plan, and to assist in developing a customized Investment Policy Statement for the plan.

8. SAFE Fiduciary Compliance Questionnaire: Since a large number of our students used Fi360 software (including the instructors), FSS developed a checklist that could be used with the plan sponsor to document their answers to the Fi360 SAFE checklist for Investment Stewards, so that the answers could then be transferred to the Fi360 website to utilize their free analysis tool (for which they did not have an actionable checklist to gather data).

9. Fi360 IPS Worksheet: Since a large number of our students used Fiduciary Analytics software (including the instructors), FSS developed a checklist that could be used with the plan sponsor to gather the data necessary to input into the Fiduciary Analytics tool, IPS Generator. (When this was developed Fi360 did not have a printable worksheet for gathering data for this tool.)

10. Plan Holdings Worksheet: This worksheet is to document what investments a plan currently holds so that an investment review can be conducted.

11. Committee Responsibility Check-Up: This worksheet helps the plan sponsor identify areas where they need to implement a documented process to help show prudence in the ongoing management of their plan.

12. Vital Stats: This worksheet is designed to document general information about a company and their retirement plan.

13. Administrative Options: This worksheet documents the issues plan sponsors feel are important to have in their plan from the administrative side.

14. Plan Expense Worksheet: This worksheet allows a plan to document the expenses being paid on their plan to help them understand total plan expenses, and to provide data necessary for benchmarking their plan against industry averages.

15. Education Evaluation: This worksheet is designed to evaluate a plan's current education program and identify possible areas for improvement.

16. Education Program Options: This worksheet lets plan sponsors review what options are available on their plan and to check off which options they would like to have available to participants when building a custom participant education program.

17. Selecting Education Topics: This worksheet allows participants to select specific education topics available industry wide (or specifically in the 401k Service Solution participant education program fact sheet series for those that choose the premium subscription).

18. Employee Perspective: This worksheet is to help employees identify their specific needs to allow a customized education program to be developed by and for participants.

19. Sponsor Education Needs: This worksheet allows plan sponsors to document areas they need further information on in their roles as plan fiduciaries (topics available industry wide or specifically in the 401k Service Solution plan sponsor education program fact sheet series for those that choose the premium subscription).

20. SPD Review Worksheet: This worksheet guides an investment committee through a review of their summary plan description to solidify specific plan basics and start the fiduciary education process.

21. Planning Calendar Worksheet: This worksheet is used to create a one-year planning calendar for the plan sponsor to help them stay focused on the critical plan management activities, and keep them updated on current issues based on methods they find the most effective.

Subscriptions Only Available for Purchase on the PPC Designee Site