401K Services
Our Belief:
What We Do:
When providing 401(k) investment advice, Kobo Wealth assumes the role of a 3(38) investment fiduciary. By assuming this role, Kobo Wealth significantly reduces the fiduciary liability of the 401(k) plan sponsor. We build and manage investment portfolios for 401(k) plans to simplify the investment selection process for plan participants. Our approach eliminates the chaos and confusion that plan participants typically encounter in conventional 401(k) plans that force participants to make investment decisions for which they are unqualified. Moreover, as the investment fiduciary, Kobo Wealth is obligated to control investment costs within the 401(k) plan and to disclose all costs to the 401(k) plan sponsor (thereby allowing the plan sponsor to fully meet their fiduciary responsibility).
Key Benefits of Adopting Kobo Wealth as your 401(k) Provider:
- Reduces Liability of Plan Sponsor
- Eases employee 401(k) investment decision making
- Reduces, discloses and monitors all costs to 401(k) plan
- Creates a very efficient 401(k) plan that gives employees a better opportunity to save for retirement
