Open Letter to 401(k) Trustees

Dear Trustee,

We feel your pain. Many trustees are being sued over breach of fiduciary duty; Congress is examining 401(k) expenses; and the stock market is volatile. What is a retirement plan trustee to do?

There are approximately $3 trillion dollars in 401(k) plans, and hundreds of billions more in defined benefit plans. All plans have two key objectives:

1. Deliver excellent benefits to participants (at an acceptable cost); and
2. Reduce liability to plan trustees.

Unfortunately, most plans (probably including your plan) have excessive costs, vastly underperform the market, and impose unnecessary liability on trustees. Hidden fees can reduce your plan assets by 50% or more!

This website will explain why and how. Whether your plan has a $100 million balance or is a small company 401(k), all plans and trustees can benefit from understanding — and then avoiding — 7 Deadly Sins.

We invite you to contact Tribeca to learn more about the hidden fees and performance in your 401(k) or defined benefit plan.

To learn more, please contact a Tribeca Advisor at (480) 248-6400 or email: info@tribecaadvisors.com

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