Broker Check

Is It Time For A Retirement Plan Checkup?

If you answer No or I Don't know to any of these questions, your plan may benefit from a checkup.

1.  Has the plan gone through a comprehensive benchmarking process within the last 2-3 years?

2.  Has the plan pricing been updated within the last 2-3 years?

3.  Has the plan failed to meet any test requirements in the past?

4.  Does the plan carry the appropriate coverage from a Fidelity Bond perspective?

5.  Has the fund lineup changed or been reviewed within the last 12 months?

6.  Is the current fund lineup 404(c) compliant?

7.  Does the current plan provider offer 3(21) and/or 3(38) fiduciary services within the plan?

8.  Is the plan currently utilizing a QDIA?

9.  Does the plan currently offer target date funds as an investment option?

10.  If target date funds are currently offered, are the offerings proprietary in nature?


At Backbone Financial, we thrive in providing tailored retirement plan solutions for companies with 1-100 employees. We are dedicated to helping business owners and executives improve the effectiveness of their retirement plans. Our firm accomplishes this by crafting custom solutions and providing informative, educational opportunities to assist your employees in preparing for their future.

To provide the highest level of service, our firm combines their considerable experience and talent along with resources from the nation's largest and most trusted providers. We strive to conduct effective research and analysis to continuously recommend the most appropriate solutions for your organization, from 401(k) and 403(b), to defined benefit plans, non-qualified executive compensation plans, and more. Through independent benchmarking strategies, we will hold your service providers accountable to providing the most competitive and cost efficient plans on the market.

Above all, we strive to enable you to focus on what matters most: your core business.