The OPEN 401(k) Plan is designed to provide employers a complete turnkey, fee based defined contribution plan. Your plan will address 4 critical components that are often not available to the small business owner: 1) Fiduciary Mitigation 2) Investment Policy Statement 3) Reasonable Fees 4) Participant Education
The Department of Labor is in the process of mandating a greater focus on the fiduciary obligations. This has and will continue to be the foundation of the OPEN 401(k) Plan.