July 5, 2022 | Business insights
There are many ways to structure a retirement plan for an organization and its plan participants. As an employer, it’s important to find an attentive advisor that provides ongoing, valuable guidance, and there is not a better partner than HTLF Retirement Plan Services.
"[The client] checked his personal investment expense ratios against the menu we could provide. The ‘light clicked on’ when he saw how much money he was losing due to the high investment expenses and poor investment options."
—Relationship Manager, HTLF Retirement Plan Services
A company selling large construction and agricultural equipment was experiencing higher-than-average investment expenses with their former retirement plan provider. In fact, the company’s owner and the plan participants were unknowingly losing money because their investment portfolio comprised proprietary investments with high fees.
Our RPS team was able to show the company that through high-quality, low-cost mutual funds, the company’s plan participants would see increased retirement savings. The addition of index funds to their portfolio mix gave the plan participants a low-cost option that wasn’t available with the other provider.
"As we were meeting with the plan sponsor, he opened his personal account via his provider’s website," explained the Relationship Manager. "He checked his personal investment expense ratios against the menu we could provide. The ‘light clicked on’ when he saw how much money he was losing due to the high investment expenses and poor investment options."
With our disciplined process for selecting and monitoring investments, we helped the company create a more effective plan yielding the following results:
- Decreased plan investment expenses by over $6,000.
- Increased average net fund performance by nearly $58,000.
- Saved plan participants an average of $140 in annual fees.
Trusted Partners. Stronger Future.
Products offered through Heartland Retirement Plan Services are not FDIC insured, are not bank guaranteed and may lose value.
Heartland Retirement Plan Services are offered through Dubuque Bank and Trust Company. The information provided herein is general in nature and is not intended to be nor should be construed as specific investment, legal or tax advice. The factual information has been obtained from sources believed to be reliable, but is not guaranteed as to accuracy or completeness. Heartland Retirement Plan Services makes no warranties with regard to the information or results obtained by its use and disclaims any liability arising out of your use of, or reliance on, it.