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TPC Qualified Plans LLC 401k Profit Sharing Plan

TPC 401(k)‚ a multiple employer plan

Large 401(k) plans have the power to command competitive pricing from the companies which service their plan. In contrast‚ small 401(k) plans are at the mercy of the mutual fund industry which has been controlling the 401(k) market for decades.

Two companies decided to change this environment. In conjunction with several independent companies working together‚ TPC Qualified Plans‚ LLC and Invest n Retire‚ LLC (INR) found a simple solution‚ a multiple employer plan. Despite the fact that the solution is simple‚ the process was complicated and required over ten months to implement.

TPC acts as the principal plan sponsor for the TPC (k) plan which allows other plan sponsors to join TPC (k) as adopting employers. By adopting the TPC 401(k) plan‚ employers and employees reap the benefits which‚ until now‚ have only been available to institutional investors; i.e.‚ reduced costs‚ superior investment options‚¹ investment advisory services‚² and professional asset management.³

For details contact Dan Kluza‚ Director of Marketing for Invest n Retire. Email daniel@investnretire.com — include TPC 401(k) in the subject.

InvestmentNews

February 2‚ 2009

Government Regulatory Proposals for Fee Disclosure

Despite the fact that market performance is dominating retirement plan discussions, advisors should not lose sight of several important regulatory proposals and rule changes that affect plans this year. The most significant involve disclosure of investment-related fees and disclosure of service provider compensation.

Starting in 2009‚ the Department of Labor (DOL) requires detailed disclosure of fees and expenses that are charged to a plan in connection with its investments‚ particularly for participant-directed investments in defined contribution plans. The proposed regulations would also require plan sponsors or other fiduciaries to report these amounts directly to the participants in order to allow employees the ability to factor in the costs when making investment decisions.

This means that the advisor must disclose fee and expense information to plan sponsors which include 12(b)-1 fees‚ subtransfer-agent fees‚ and other forms of revenue sharing. The DOL also proposed regulations which would require detailed disclosure of all direct and indirect compensation received by a provider for services performed for a plan.

Since the proposals for fee disclosure would benefit retirement plan participants‚ and as President Obama indicated during the campaign that he supports increased fee transparency‚ it is highly likely that the proposed regulations will eventually become final in substantially the form in which they were proposed.