The Modern 401 (k)

The most effective way to limit your fiduciary risk.

The rules of the retirement plan game have changed. If you don't adapt, you may be exposing yourself to significant legal and financial risk. Aurum Advisory Services offers an industry leading solution to the challenges posed by modern retirement plan regulations – The Modern 401(k).

What is the Modern 401(k)

The Modern 401(k) offered by Aurum Advisory Services offers employers of all sizes a 401(k) program to meet the new standards the DOL is moving towards by helping to mitigate the fiduciary risk employers face today and providing both experienced and unsophisticated investors investment options that can help them diversify the risks associated with today’s volatile markets. By managing the fiduciary and investment risks, Aurum Advisory Services allows employers to maintain the 401(k) as a key tool to recruit and maintain talent instead of becoming one of the employer’s largest liabilities.

Mitigate Your Liability

At the center of The Modern 401(k) is Aurum Advisory Services’ commitment to serve as a Fiduciary to the plan under section 3(38) of the Employee Retirement Income Security Act of 1974. As a 3(38) fiduciary to the plan, Aurum Advisory Services takes on full responsibility regarding what investment options are offered to plan participants, the on-going monitoring of the investments, and the responsibility for removing and replacing fund options if warranted. Since Aurum serves as an ERISA 3(38) investment manager, we assume full discretion of the assets and therefore take on full responsibility for the investment decisions in the plan.  Hiring a 3(38) investment advisor to manage the investment decision process is the best way a plan sponsor can mitigate much of the liability associated with the investments offered to employees.

Aurum's Modern 401(k) offers:

  • Lower fees
  • Professional Investment Guidance for Participants
  • Support and Service
  • Compliance

To learn more about The Modern 401(k), fill out our form below or contact us at 440-605-1900.

Aurum White Papers:

Stressing Out Over Target Date Funds

Matching Investors to Portfolio Duration

Click here to download a PDF of our Modern 401(k) brochure.

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