How to Invest in a Smart 401(k)
Smart401k is a service to help employees invest 401(k) assets more wisely; the money remains in the employer plan with Smart401k serving as a third-party adviser. For investors who are new to investing or don't understand the investment options offered through an employer-sponsored 401(k) plan, Smart401k gives investors recommendations based on the employer's plan parameters. This is specific advice tailored to the age, experience and objectives of the employee and is designed to meet individual needs.
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Instructions
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Contact Smart401k via Smart401k.com or 877-627-8401. Review the services offered by Smart401k, which include account reviews and quarterly rebalancing of your portfolio.
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Register with Smart401k. There is a fee for the service; as of 2010, it is $59 per quarter or $199.95 per year. Fill out the questionnaire provided in the registration process to help the representatives at Smart401k better understand your needs and objectives.
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Provide Smart401k with your plan's options and your existing portfolio allocations.
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Wait one to three days to receive a custom 401(k) plan proposal.
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Contact your plan administrator to make the changes to your 401(k) plan. Remember that Smart 401k is a service and is not the administrator of your 401k. Smart 401k will give you the advice on what changes to make when you call your 401(k) plan administrator.
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Tips & Warnings
Smart401k is a fee service with a 30-day, money back guarantee that you will be happy with the service. However, Smart401k cannot guarantee the success of your 401(k) portfolio.
Many brokers and financial advisers will provide the same services that Smart401k does for free.
