Are You at Risk Due to Managing Your Retirement Plan?
Avoid Lawsuits and Penalties: The Smart Way to Manage 401(k) Fiduciary Risk
If you make decisions about your company’s retirement plan, you take on fiduciary risk. You could be held personally responsible if your plan’s administrative and investment tasks are not implemented correctly and in your employees’ best interests.
You don’t have to take on this huge responsibility alone.
We understand that as a business owner or HR professional, you aren’t an investment expert. That’s ok; you shouldn’t have to be.
That’s why many companies choose to outsource fiduciary responsibility. This lowers your risk and ensures that your retirement plan is managed professionally and in full compliance.
Many business owners and HR professionals believe their payroll provider or third-party administrator takes care of everything, but the ultimate responsibility lies with the employer.
If a plan isn’t properly managed, it can lead to legal penalties, financial losses, and even personal liability.
The Oak Harvest 401(k) Business Services team can help you simplify fiduciary oversight, reduce liability, and ensure compliance with government regulations.
Our team is here to protect your plan and your business.
Oak Harvest’s Fiduciary Commitment
Managing a 401(k) plan involves significant legal and financial responsibilities. Failing to fulfill these obligations can lead to penalties, lawsuits, and even personal liability.
At Oak Harvest 401(k) Business Services, we take on these challenges for you, ensuring that your plan is managed properly, compliant with regulations, and enhanced for both your business and your employees.
As an independent fees fiduciary, we are committed to transparency, accountability, and protecting your interests. Our team follows strict ERISA guidelines to oversee plan administration, monitor investment options, and ensure remain fair and competitive.
Unlike many providers, we don’t just offer recommendations. Oak Harvest and take on full fiduciary responsibility, giving you peace of mind that your plan is handled with the highest level of care.
Oak Harvest 401(k) Business Services provides experienced oversight and proactive management so you can focus on running your business while we protect your retirement plan.
Choose From These Fiduciary Services
ERISA Section 402(a) Named Fiduciary
The person or company officially responsible for managing and overseeing a retirement plan. In most cases, this role is handled by the ERISA 3(16) Plan Administrator.
ERISA Section 3(16) Administrator
Responsible for any fiduciary responsibility not assumed by the ERISA section 403(a) Trustee.
ERISA Section 3(38) Administrator
A fiduciary under ERISA, responsible for selecting, managing, and reviewing retirement plan investments. In some cases, they can make decisions without employer approval, unless employees choose their investments.
What You Gain by Partnering with Oak Harvest 401(k) Business Services
Professional Guidance
Our experienced team understands fiduciary responsibilities and retirement planning inside and out.
Tailored Solutions
We customize strategies to fit your company’s unique needs and goals. Up to 98% of your day-to-day 401(k) management tasks can be eliminated.
Reduced Risk
We help protect you from legal and financial liabilities by ensuring proper plan management.
Cut 401(k) Costs, Reduce Your Legal Liability
Explore how Oak Harvest 401(k) Business Services can simplify your administrative tasks, reduce your fiduciary responsibilities while lowering costs, and minimize your personal liability.
Safeguard Your 401(k), Save Time, Reduce Liability: Get Started Today!
Have questions about our services? Our experienced professionals are here to provide customized solutions for your organization.
Contact us today for guidance on managing a compliant and effective retirement plan.
(346) 666-6845
920 Memorial City Way, Suite 150
Houston, TX 77024
Monday through Friday, 9 a.m. to 5 p.m.
