The Better 401(k) Source is an independent, fee-only, Texas-based registered investment advisor and co-fiduciary that advises the fiduciaries and participants of 401(k) plans. That is all that we do. We are not a broker/dealer, mutual fund, or insurance company and we never sell products of any kind. Nor do we ever accept hidden compensation, commissions or revenue sharing from any source. And as a co-fiduciary, we are legally bound to put the interests of our clients first.
Our primary focus has always been putting the interest of our clients first. We accomplish this in several ways by:
Our primary focus has always been putting the interest of our clients first. We accomplish this in several ways by:
- providing robust fiduciary training and education on a regular basis;
- ensuring that a plan's internal controls, documenting processes, and monitoring procedures are up to date, strictly followed, and well documented;
- advising fiduciaries on ways of reducing plan costs;
- never selling products and never accepting hidden compensation, commissions, or revenue sharing from any source (which allows us to avoid any potential conflicts of interest while providing total fee transparency);
- forming strategic alliances with nationally renowned record keepers and third-party administrators to service client accounts;
- keeping costs low by recommending low-cost exchange traded funds (ETFs) and index funds whose expense ratios are a fraction of actively managed mutual funds;
- offering portfolios constructed of ETFs that we have developed for those participants that prefer professional management of their assets (these portfolios are risk-calibrated, globally diversified and range from low to high risk);
- providing outstanding participant education and communication programs;
- providing Section 3(38) fiduciary investment management services, if desired (at no additional cost); and
- annual benchmarking of fees.