Considering a change?

Adviser searches are growing rapidly as the wealth and retirement markets continue to aggregate forcing many plans sponsors to consider a change. Plan sponsors are also looking for more help with plan governance, financial wellness support for participants, relief from administrative burdens and better protection.

The Employee Retirement Income Security Act of 1974 (ERISA) demands the highest legal standard so it’s important to work with an adviser who will state, in writing, that they are a fiduciary. Advisers will find it increasingly difficult to serve ERISA covered plans in a non-fiduciary role. Plan sponsors should expect, at a minimum, their adviser to be a fiduciary. If not, find one that will.

Most plans don’t realize how simple it is to change their adviser and not disrupt the plan. For example, many companies know how easy it is to change their insurance broker. Changing your retirement adviser is no different.

Once you find a dedicated and experienced retirement plan adviser who will, in writing, state they are a fiduciary, and is able to demonstrate a well documented governance process — you should be on the right track. Look no further. We can help.

Authorized Representative Change Directive

Plan Name

Plan name as shown on your annual 5500 filing or similar.

Employer Identification Number

EIN

Recordkeeper Name

Recordkeeper Contact Email (if available)

Please provide an email for your recordkeeper's service representative.

Plan Administrative Contact Name

Who is responsible for the day-to-day operation of the 401k plan at your company?

First Name

Last Name

Administrative Contact Phone

(###)

###

####

Name of Authorized Plan Representative

Your Name

First Name

Last Name

Authorized Plan Representative's Title

Your Title

Email of Authorized Plan Representative directing this change.

Your Email

Date

Effective date of this change authorization

YYYY

Affinity Program Promotion

(optional)

Affirmation that the Individual listed above is an authorized plan representative with authority to make this change:

I affirm the information provided in this form is true to the best of my knowledge and that I am authorized by the plan to direct this change.

As an authorized plan representative with authority to do so, please execute the following instruction:

Effective Immediately, the plan identified above has selected The Dayton Co, Inc., whose business address is 5727 Baker Way NW, STE 101, Gig Harbor, WA 98332 as our plan representative to replace the current financial representative of record and to pay The Dayton Co. Inc. according to the current compensation arrangement.

Authorization to Release Plan Information & Data

Furthermore, I authorize the release of any and all plan data to The Dayton Co. Inc. and to speak with The Dayton Co. Inc. regarding the plan identified above.

Acknowledgement of Change

I acknowledge this change directive will be effective upon submission of this request. I also acknowledge and agree to execute any additional documents necessary to process this directive. I furthermore agree to accept and use electronic signature when provided.

“Despite the continual debate between regulators and industry, ERISA demands a higher standard of care so that’s what we’ll continue to do. Not many sponsors hear: you don’t have to be the fiduciary but that’s where the real value is. It’s what makes our solution unique, and better.”

— Michael Dayton, BCF™

Considering a change?

Most plans don’t realize how simple it is to change their adviser and not disrupt the plan. For example, many companies know how easy it is to change their insurance broker. Changing your retirement adviser is no different.

Once you find a dedicated and experienced retirement plan adviser who will, in writing, state they are a fiduciary, and is able to demonstrate a well documented governance process — you should be on the right track. Look no further. We can help.

The Dayton Company, Inc