David Gratke Wealth Advisors, LLC (DGWA) recognizes there are fundamental flaws within the traditional 401(k) retirement plan. When 401(k)’s started in 1978 when Congress amended the IRS code, this would change retirement plans unlike before. Prior to 1978, retirement (pension) plans were principally managed by professional investment managers. The 401(k) did just the opposite; it required participants to direct their own investment decisions, thus creating what might be called the ‘accidental investor’. For the most part, the accidental investor does not want the task, duty or responsibility of directing his or her own investments decisions. They are ill equipped as investor behavior studies bear this out. As a result, we at DGWA believe the traditional ‘do-it-yourself’ 401(k) plan is fundamentally flawed in three ways.

• Plan Underperformance
• Personal Liability for Sponsors
• Complicated Administrative Burden

DGWA has teamed up with La Jolla, CA based The Retirement Consulting Group* and other innovative industry professionals to deliver solutions, which once implemented, lead to improved plan performance, reduction of sponsor liability and a simplified process overall. Let us review your plan with look at plan performance, plan costs, success of your employee education program and lastly, your fiduciary liability. From there, let us offer a strong recommendation where needed in order to redirect your plan’s resources in a more purposeful, productive fashion.

Whether you are a company owner (Plan Sponsor), Participant of a 401(k), or local Financial Advisors, DGWA is your consultative path to the Simplified 401(k).