Fiduciary Services

Lifeworks Advisors provides privately held businesses with 3(21) fiduciary services for employer-sponsored retirement plans: 401(k), Defined Benefit Cash Balance Plans, Profit Sharing, SEP IRAs, Solo 401(k), Non-Qualified Benefit Plans.
  • We do not accept soft dollar compensation.
  • We have no affiliations with financial service firms (e.g., bank, insurance, brokerage, trust, custody, administration, etc).
  • We have no registered (broker-dealer) representatives.
  • We do not sell services to financial service firms.

Lifeworks Fee Structure

Lifeworks believes in a fair and transparent approach to how we are compensated for our services.
We’ve built our platform with our clients’ best interests in mind. No commissions, no hidden fees, no account fees, no proprietary products or soft dollar agreements.
We operate on a simple and straightforward fixed fee, depending on service level.
Our services can be paid for directly by the plan sponsor or deducted from plan assets. We bill for our services quarterly, in advance.

Services We Provide

Plan Design & Support

  • Plan design and coordination with retirement plan service provider (Recordkeeper & TPA)
  • Annual plan review and benchmarking of the following: TPA fees, recordkeeping fees, and utilization & participation
  • Plan reprice every two (2) years

Plan Design & Support

  • Investment Policy Statement (IPS)
  • Selection of investment options that align with IPS
  • Design and construction of model portfolios
  • Quarterly performance monitoring
  • Annual benchmarking for fees & performance

Plan Design & Support

  • Quarterly on-site education meetings
  • Quarterly web-based training and education
  • 401(k)/IRA rollover support
  • Help with other financial questions (college savings, retirement, insurance, etc.) on an indivdual basis

Interested in 401(k) Retirement Planning?