For Advisors
REDUCING THE RISK: STANDARDIZE THE PROCESS
We Set The Standard for Participant Retirement Readiness
Bring your services to the next level using SOK™ financial wellness tools. Increase participation, contribution, and opportunities.
SOK™ advisors are able to analyze and show participants data on how their retirement plans have improved. The lasting impact of education, meetings, and financial (k)oaching shows the value as an advisor.
SOK™ advisors are provided full training and on boarding support.
(k)ustom Education: Our new technology allows us to track participant’s retirement financial goals, if they are being met, what adjustments they may need to take, and send email reminders directly to participants. This automated, ongoing communication will allow further education for participants and help them better understand the actions they need to take for their Retirement Readiness.
FIDUCIARY
SERVICES
Standard of (k)are™ is advisor driven and participant focused. Our process increases participant communication, plan contributions and plan participation rates, while reducing risk and liability for the fiduciary. SOK™ helps prepare 401(k) participants for retirement and also improves operational efficiency of the fiduciary.
SOK™ has redefined the standard for fiduciary services through equipping providers with an agnostic application. Our solution is the most comprehensive retirement plan management offering currently on the market.
Fiduciary Liability Reduction
Liability in retirement plan advising is difficult to measure. Advisors who do not adhere to a process and document their conversations are going to be under scrutiny and will most likely increase their anticipated liability. Standard of (k)are™ reduces fiduciary risk standardizing the 401(k) management process.
Plan Investment Tracking
Having the most accurate and up-to-date information is not by chance. Advisors using Standard of (k)are™ as their retirement plan management solution can easily track essential financial information for every participant. Ongoing documentation and organization promote due diligence and integrity within the 401(k) plan.
Plan Design Consulting
Forecasting the future is not an exact science. However, the ability to design an appropriate retirement plan and monitor the status in one comprehensive summary is required as a fiduciary. Standard of (k)are™ promotes efficiency by summarizing the retirement plan design for the fiduciary.
Investment Committee Workflow
The Standard of (k)are™ tool documents and organizes each step of the plan management process and allows easier communication between advisors and investment committee members.
As a fiduciary, we know your risks are high and responsibilities are great. We have built a solution to address retirement readiness and manage the fiduciary risk associated with it.
PARTICIPANT
SERVICES
Understanding a participant’s risk profile is an important first step in any retirement plan management solution. Documenting individual risk profiles with participant risk tolerance is the differentiator.
Standard of (k)are™ is a retirement plan and fiduciary risk management solution. Built by retirement advisors who understand the need for a comprehensive solution SOK™ addresses the Retirement Readiness of participants while guiding the fiduciary duties of advisors and plan sponsors.
Retirement Readiness Reporting
With a keen focus on retirement plan preparedness, Standard of (k)are™ is easily able to report on the overall Retirement Readiness of plan participants as a whole and individually.
Participant Activity Documentation
Understanding a participant’s risk profile is the key to building the right 401(k) plan for them and is essential at every stage in the retirement planning process. Managing and monitoring multiple risk profiles across employees, families, and companies requires an all-inclusive technology platform: Standard of (k)are™.