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Advantages of working with Lovejoy
Associates :
- Quality 401(k) education can assist
the financial advisor and TPA in winning plans. Often, the client is
faced with deciding between several strong providers and competent
advisors. Professional education can often tip the scale in your favor.
- Quality education can assist the
financial advisor and TPA in retaining plans. Regular education falls
under the category of service, and lack of service is the primary
reason that plans move.
- The financial advisor and TPA are
viewed by the client as having a team of specialists who assist them in
providing superior service.
- Quality education can result in
increased participation, an increase in deferral percentages, greater
understanding of investment choices, more appropriate asset allocation,
and more satisfied employees and employers.
- The Human Resources managers are
better informed about the intricacies of their plan and therefore
better able to assist employees.
- Most importantly perhaps, the
financial advisor and TPA can concentrate on gathering assets while
feeling confident that their plans are receiving excellent service and
attention.
Lovejoy Associates contracts
successfully with financial advisors and third party administrators to
provide 401(k) enrollment and educational services on an individual
plan or on-going basis. If individual, there is a per diem charge plus
travel. If on-going, a contract is agreed upon which includes fees for
services scheduled on a quarterly, semi-annual, or annual basis. In
either case, we are assisting you with your
client.
Our educators work with the plan
provider’s materials including enrollment kit, power-point
presentation, enrollment forms, etc. We can also provide special focus
presentations at your request, such as Understanding Investments,
Current Market and Economic Overview, and Women and Money.
References of other financial advisors
and third party administrators that we work with are available upon
request.
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