DON'T LEAVE THIS IMPORTANT DECISION TO THOSE BROKERS, REPS, AND INSURANCE AGENTS OUT THERE THAT CALL THEMSELVES "FINANCIAL ADVISORS."
When helping with THIS important aspect of your business, NPV Advisory acts as an ERISA section 3(38) adviser - MORE important we view ALL business and business owner objectives as the drivers in plan design.
The Employee Retirement Income Security Act (ERISA), the body of law that governs qualified retirement plans, such as 401(k) plans, has a mechanism by which a plan sponsor can shift its responsibilities and liabilities for the selection, monitoring and replacement of plan options to the adviser.
NPV Advisory accepts that responsibility - Very Few Plan Designers are willing to be fiduciaries.
The starting point is to understand the basic plan types: