401(k) Plan Advisor
Most company 401(k) plans come with a 1-800 number and a list of funds nobody explains. As a 3(21) fiduciary investment advisor, we take on the legal responsibility for your plan's investment decisions, so your employees get real guidance and you get peace of mind.
Running a company retirement plan comes with more responsibility than most business owners realize.
You signed up to run a business, not to evaluate investment lineups. But as a plan sponsor, you're personally liable for investment decisions. Without a 3(21) fiduciary advisor, that risk sits squarely on your shoulders.
They get a login, a list of funds, and a phone number that puts them on hold for 20 minutes. No one sits down with them. No one explains what their options mean. And when the market drops, no one calls to reassure them.
You chose a 401(k) provider years ago and nothing has changed since. No proactive reviews. No updates when regulations shift. No one checking whether your plan still fits your company as it grows.
We serve as a 3(21) fiduciary investment advisor for your plan, backed by LPL Financial's institutional platform. That means you get boutique attention with enterprise-level resources.
We take on legal responsibility for selecting and monitoring your plan's investment lineup. That means your personal fiduciary liability as a plan sponsor is significantly reduced. We document every decision so you have a clear audit trail.
We don't set it and forget it. Your plan gets reviewed regularly against industry benchmarks for fees, fund performance, and participation rates. If something needs to change, we make the recommendation and explain why.
Your team gets access to a real advisor, not a call center. We offer group education sessions and one-on-one meetings so employees actually understand their options, contribution strategies, and how to make their 401(k) work for their goals.
Regulations change. Contribution limits shift. New rules create opportunities (or obligations). We stay on top of it and keep you informed so you never get caught off guard during an audit.
Because we also serve business owners and executives with personal financial planning, we see the full picture. Your company plan and your personal wealth strategy work together instead of in separate silos.
Boutique Service, Institutional Backing
Large 401(k) providers give you scale but no personal attention. Small firms give you attention but limited resources. We bridge that gap. Sporos is a boutique firm affiliated with LPL Financial, one of the largest independent broker-dealers in the United States.
That means your plan gets access to institutional-grade investment platforms, competitive pricing, and robust compliance infrastructure. And your employees get an advisor who knows their name, not just their account number.
Nasar brings over 15 years of private equity experience to the table, giving your plan access to investment analysis typically reserved for institutional portfolios. As a father-son team, we bring continuity and commitment that a rotating cast of corporate representatives simply cannot match.
A straightforward process from initial review to ongoing partnership.
We evaluate your current 401(k) plan: fees, fund lineup, participation rates, and provider. No cost, no commitment.
We present investment lineup recommendations, fee comparisons, and a clear outline of our role as your 3(21) fiduciary advisor.
We handle the transition and coordinate with your recordkeeper so your team experiences zero disruption.
Quarterly investment reviews. Annual plan benchmarking. Employee education sessions. A dedicated advisor who picks up the phone.
Answers to the questions we hear most from business owners about plan advisory services.
A 3(21) advisor takes on fiduciary responsibility for your plan's investment decisions. We select, monitor, and replace funds in your plan's investment lineup. This is different from a 3(38) advisor who has full discretionary control. As your 3(21) advisor, we make recommendations and you retain final approval, but the fiduciary liability for those investment decisions shifts to us.
As a plan sponsor, you have a fiduciary duty to act in your employees' best interest when it comes to plan investments. By hiring a 3(21) fiduciary advisor, you're demonstrating prudent process. We document our investment analysis, provide written recommendations, and maintain records that protect you during any Department of Labor review or audit.
Absolutely. We work with companies ranging from 10 to 500 employees. In fact, smaller companies often benefit the most because they've been underserved by large providers who prioritize bigger plans. Our affiliation with LPL Financial gives us access to the same institutional investment platforms and pricing that large firms use, so your team doesn't pay a premium for being smaller.
Not necessarily. We can often work alongside your existing recordkeeper (like Fidelity, Vanguard, or Principal) as an independent investment advisor. If your current provider's fees are too high or the platform isn't competitive, we'll recommend alternatives. But we start with what you have and only suggest changes when they genuinely benefit your plan.
Our fee-based advisory services for 401(k) plans are typically based on plan assets, and they're competitive with (or lower than) what most bundled providers charge for similar oversight. We'll provide a transparent fee quote during your free plan review so you can compare directly. There are no hidden costs.
Rolling over a 401(k) is often the first step toward a broader retirement plan. See where you stand with our quick assessment.
Take the Retirement Readiness QuizFree. No login required. Results in under 3 minutes.
Book a free plan review and we'll show you exactly where your current 401(k) stands on fees, investment quality, and fiduciary protection.
Or call us directly: (949) 729-9994