Broker Check

PCAP 401(k) Review

"What 401(k) and group retirement participants need and want is specific advice, quickly, at a reasonable price."

-Evan Kirkpatrick

Interested in receiving specific 401(k) fund recommendations through PCAP? Submit your information below and we’ll contact you promptly: 

Who Is PCAP Designed For?

 PCAP is specifically designed for current 401(k) and group retirement participants. If you are NOT a current participant, but still have a 401(k) from a previous employer, contact us to discuss your options. Here are some examples of who PCAP is designed for:

  • If you are currently using a Target Date Fund for all or most of your 401(k) allocation
  • If you are unsure whether your 401(k) investments are performing  well or not
  • You notice performance is not in-line with industry benchmarks such as the S&P500 and you’re not sure why
  • You are selecting funds at random without understanding the purpose of each fund
  • You are unsure whether your current 401(k) investments are suitable for your age, goals, and risk tolerance

How We Help Employees Manage Their 401(k) Accounts

The group retirement plan market is significantly larger than many realize. According to the Investment Company Institute (ICI), “at the end of 2018, employer-sponsored defined contribution plans – which include 401(k) plans, 403(b) plans, 457 plans, the federal Thrift Savings Plan (RSP) and other private-sector DC plans – held an estimated $7.5 Trillion in assets.”1

After managing 401(k)’s in multiple states for the first several years of my career, I quickly became conscious of a lack of quality guidance available to employees. In some cases, the 401(k) was an employee’s largest asset, but due to legal issues surrounding the Employee Retirement Income Security Act of 1974 (ERISA), we were unable to provide specific percentage recommendations such as put “X” percent into this fund despite being a licensed financial advisor.

Fast forward 12 years into my career, and I’m excited to announce that we have streamlined the process for receiving cost-effective, compliant, and specific recommendations for participant 401(k) accounts including exact percentages based on your available fund lineup.

Our Participant Consulting Advice Program (PCAP) allows us to use LPL Financial’s own Registered Investment Advisor (RIA) to provide clients with one-on-one advice and investment support to qualified plan participants. We can also meet with Plan Sponsor’s directly and provide PCAP services to employees for a flat fee.

For a limited time as our introductory fee, we are offering access to PCAP for a flat fee of $250. Here is the process for working with us through PCAP:

1. Provide Information and Sign

To receive specific recommendations for your participant 401(k) account, you will need to send us the following information:

  • Account Statement with Current Fund Holdings
  • Statement of All Available Fund Choices for Your Plan
  • Sign our “PCAP” Agreement Forms

2. Complete Your Digital Risk Tolerance Questionnaire

You will receive an email inviting you to answer 15 short questions to help us assess your overall risk tolerance. Based on this information, we will be able to provide a portfolio allocation that it is appropriate for your goals and objectives.

3. Receive Your Custom Allocation Recommendations

Within 1-2 weeks, we will provide you with a custom allocation based on the available fund options within your company 401(k) plan. We will also help you schedule a phone call with one of our advisors to make sure you understand the recommendations in plain English and answer any additional questions you may have.