Investment Advisory Services

Lawton Retirement Plan Consultants, LLC (LRPC) provides a complete set of 401k investment advisory services to employer plan sponsors. These services include fund searches and performance monitoring. LRPC produces reports using a report card format and will recommend whether to “Retain”, “Replace” or move a fund to the “Watch List” for each reporting period. Performance monitoring criteria originate from the Investment Policy Statement, providing a solid link in the fiduciary compliance process.

Over 30,000 Investment Options

LRPC has access to the complete universe of over 30,000 investment choices from more than 750 fund families representing over 100 asset classes. Using 68 unique, objective evaluation criteria, the firm will select, monitor and report on the investment options in your retirement plan in a manner that helps your plan maintain fiduciary compliance.

LRPC Works for YOU!

An independent, objective investment adviser, LRPC does not accept soft dollar 12b-1 payments from mutual fund companies. Different from a broker, the firm has no proprietary investment products, executes no trades and holds no client assets. LRPC’s sole motivation is to provide its clients with the most appropriate investment alternatives. As a Registered Investment Advisor (RIA), the firm signs on as an ERISA fiduciary to each of the plans it advises.

Resources: 401k Investment Advisory Services


401k Investment Menu Best Practices.
 
Interested in how your investment menu stacks up versus the marketplace? Take a look at this article which outlines current best practices for 401k plan investment menus.

401k RFP Tips For Employers. Recently my Registered Investment Advisory (RIA) firm has been fortunate to receive a number of Requests For Proposals (RFPs) for investment advisory services. While I am grateful to receive these RFPs, I continue to be puzzled by how some plan sponsors choose to manage their RFP process. So, outlined in this post, I have provided some tips on how plan sponsors can optimize their 401k RFP process to ensure it produces the best possible result.

BlackRock Interview With Robert C. Lawton (PDF). Robert C. Lawton, President of Lawton Retirement Plan Consultants, is interviewed by former Wall Street Journal editor and current BlackRock executive Kelly Greene on how to design the best 401k plan.

Blending Active And Passive Options In Your 401k Plan. Recently the folks at BlackRock, the largest asset manager in the world, shared research that indicates that a blend between active and passive choices is probably best for most 401k plans.

Did You Hire The Right 401k Investment Adviser? As a 401k plan sponsor, you are probably aware of the new fiduciary regulations. You probably have spent some time wondering (worrying?) whether these regulations affect your relationship with the investment adviser or investment advisor who works with your 401k plan. They might. Here’s how to tell.

Does Your 401k Investment Adviser Measure Up? Each year retirement plan sponsors should take time to evaluate their providers. Included in this group is your 401k investment adviser. Most plan sponsors use an investment adviser to help them with their 401k plans. This is a smart decision since many advisers are able to save plan sponsors at least as much as they charge. This post will help you learn if you are working with the right 401k investment adviser.

Eight Considerations When Reviewing Your 401k Investment Line-up (PDF). At least annually you should be reviewing your 401k plan investment fund line-up. Read this article for information on how to conduct a proper review.

Five Reasons To Use Active Management. Recently a number of market observers have suggested banning actively managed mutual funds from retirement plans as a way of increasing participant balances. Their logic is that actively managed funds don’t beat market averages or benchmarks often enough to justify their higher fees. However, there are good reasons for investors to embrace active management.

How 401k Plan Participants Can Beat The Market. Many studies have shown that the average 401k participant earns at least 2% to 3% less each year than the mutual funds in their plan. How can this be? This article presents suggestions on how plan sponsors can help participants do better.

How To Hire A 401k Investment Adviser. Employer plan sponsors often ask me which investment adviser credentials are most important to look for when hiring a 401k investment adviser. As a 401k investment adviser myself, I have observed a number of plan sponsors hiring the wrong advisers because they aren’t looking at the right investment adviser credentials and are using an incorrect set of criteria to judge who is best. In this post are some universal, common sense criteria that plan sponsors can apply when hiring a 401k investment adviser along with important investment adviser credentials to evaluate.

How To Tell If You Are Receiving Good Investment Advice. How do 401k plan sponsors know if they are receiving good investment advice? That question is more difficult to answer for plan sponsors than it is for individual investors since plan sponsors need to be more concerned about process than performance. It is not necessary for plan sponsors to offer the best performing funds in their 401k plans. Rather, they should be more concerned that the process used to select and monitor the investment options offered is compliant and sound. Check out this article to learn if you are receiving good investment advice and receiving the correct 401k investment advisory services.

Most 401k Investors Fall Into Four Core Groups (PDF). I have done a lot of 401k participant education sessions over the years. As a result, I may know your 401k plan participants better than you do (without ever having met them!). That’s because I have found that most 401k plans have similar participant investor groups.

Should You Offer Only Index Funds In Your 401k Plan? Is it a good idea to remove all of the actively managed funds from your 401k plan? Why would a plan sponsor do that? A number of large plan sponsors have dumped all of their actively managed funds, for the reasons outlined in this article.

Should Your 401k Plan Offer ESG Investment Options? At the very least, your Investment Committee should have a discussion about the topic. This post explains why.

The Worst Investment Anyone Could Possibly Make. What is the worst investment you could possibly make? You might be surprised at the answer!

True Active Management Works (PDF). Many experts believe that it doesn’t make sense to invest in actively managed mutual funds. They say there is not a substantial enough difference between the returns that index and actively managed funds generate to justify active management’s higher fees. I believe that true active management still works. It is just a matter of screening out those actively managed funds masquerading as index funds – the closet indexers.

What Plan Sponsors Need To Do NOW In Response To 401k Money Market Fund Rules. Given the October 14, 2016 implementation date of the new rules, your investment committee should have a safe haven investment fund strategy in place as soon as possible.

What To Look For In A Top 401k Investment Adviser. Most employer plan sponsors use an investment advisor to help them with their 401k plans. This is a smart decision since most advisors are able to save plan sponsors at least as much as they charge. How can you tell if you are working with a good investment advisor and receiving the right 401k investment advisory services? This article provides some tips.

White-Labeling 401k Investment Funds A Bad Idea. I don’t believe that white-labeling makes sense, for the reasons outlined in this article.

Why Every 401k Plan Needs An Updated IPS. Does your 401k plan have an updated Investment Policy Statement (IPS)? Although you aren’t required by law to have one, the IPS is one of your plan’s most important documents. It outlines your 401k investment advisory services in detail and who is responsible for what. Take a look at this article to learn why having an updated IPS is so important.

Why You Shouldn’t Use Custom TDFs In Your 401k. Custom TDFs can be expensive and constructed based upon dubious assumptions. You may want to think twice about using them in your plan.

Why TDFs Are The Best Professionally Managed 401k Investment Option. Target date funds (TDFs) have certain advantages over other professionally managed options that you can offer in your 401k plan. Find out why TDFs are better in this article.

Why Target-Risk Funds Are Wrong For 401k Plans. Are target-risk funds appropriate for 401k plans? I don’t think so. This article tells you why.

DoL Resources: 401k Investment Advisory Services


Department of Labor Target Date Retirement Funds: Tips for ERISA Fiduciaries 
(PDF). A helpful, short, three-page guide from the U. S. Department of Labor on selecting target date funds for your 401k plan.

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Lawton Retirement Plan Consultants, LLC
342 North Water Street
Suite 600
Milwaukee, WI 53130
(414) 828-401k (4015)
bob@lawtonrpc.com