401k Providers Are the Main Source for Retirement Advice

Cerulli Associates recently reported in a survey named U.S. Retail Investor Products and Platforms 2015: Harnessing Investor Sentiment, that a 401k plan provider is still the primary source for retirement advice. Among 10,000 households participating in the survey, 29% of retirement plan participants consult with their plan provider.

Meanwhile, many plan participants rely on no source for advice. Many of them are likely to have the knowledge and do not need any advice. However, many are just unaware of the resources available to them.

As a plan provider of self directed retirement plans, Sense Financial often encourages plan participants to utilize all the informational resources available. While many investors have to rely on a custodian to direct their investments, plan owners of the Solo 401k for self employed or Checkbook IRA can manage their funds on their own.

Even with the self directed options, plan participants still need to learn about the rules and regulations that concern their plan. Good 401k providers often provide all detailed guidelines and answer any questions to help their clients maintain the plan in compliance with the IRS rules

At Sense Financial, aside from a library of educational articles about self directed retirement plans, plan participants can also find latest updates and news regarding investments and retirement planning. Interactive videos, newsletters, and webinars are all available to visitors. Plan participants can also make use of free tools such as the contribution limit calculator and the 401k loan amortization calculator.

With the rise of the Solo 401k for self employed and Checkbook IRA plan, plan participants can now be more involved in preparing for their retirement future. Therefore, the role of 401k providers is even more important in providing the right guidance that plan participants need.

Aside from all the required responsibilities, such as plan establishments and assistance with form filings, 401k providers are also expected to provide educational resources and help answer questions when needed. A good plan provider will make the process of taking control of a retirement account much easier and without much hassle.

Sense Financial is California's leading provider of retirement accounts with “Checkbook Control”: the Solo 401k and the Checkbook IRA.  Over the years, they have assisted hundreds of clients to obtain checkbook control over their retirement accounts while providing them with the ability to invest in virtually any investment class, including real estate, private lending, mortgage notes and much more without the need for custodian approval.

To learn more about the solutions they provide, please contact:  (949) 228-9394(949) 228-9394.