Pension plans are going the way of the dinosaur.

Social Security is a big question mark.

More than ever, the American worker’s hope for a comfortable retirement is squarely on the shoulders of the 401(k) Plan.

But all is not well in the world of 401(k)s.

Employees are filing class-action lawsuits against employers who are not honoring their fiduciary responsibilities. Congressional hearings are looking into questionable practices in the 401(k) industry. And a steady stream of new rules and regulations are popping up faster than employers can keep track of.

A big part of the problem is the investment choices offered in most 401(k) plans.

High investment expenses – often hidden from employers and employees – are eating away at participants’ returns. Plus many traditional plans only offer an overwhelming menu of dubious mutual fund options. Money managers then pile on an extra layer of administrative fees to top it off.

Add to this the logistical nightmare for employers who want to offer 401(k) plans to their employees. Enrollment, compliance, record keeping, employee education requirements and more. And as an employer, you have to ensure you’re meeting your fiduciary responsibilities while doing all this to avoid a host of potential legal issues.

Blue Ocean 401(k) was designed to provide responsible, full service plan management that’s easy and affordable for employers and employees.

Here are just some of the benefits you can expect from Blue Ocean 401(k):

• Low expenses for employers and employees. Our Average Total Plan Cost is below 0.80%. That includes investment education, statements, online access and investment management fees. As a comparison, the average expenses of an actively managed mutual fund are well above 1.00% - and that doesn’t even include plan administration.
• Eliminate the administrative headaches by letting us take care of plan enrollments, compliance, record keeping, etc. We focus on our area of expertise so you can focus on yours.
• A low cost investment approach, based on Nobel Prize winning research, that puts the odds of success in the employees’ favor.
• Online access to account information 24/7 so employees can keep track of their investments when it’s convenient for them.
• Quarterly Personal Statements, rated “Best in Class,” to aid employees in understanding their retirement progress.
• Simple investment choices that encourage high participation rates. Employees only have to choose their risk tolerance - we do the rest!
• Automatic rebalancing so participants’ keep their asset allocation on target by buying low and selling high.

Our mission at Blue Ocean 401(k) is to bring 401(k) investing to the next level by offering low expenses and optimal investment performance to thousands of American workers. Call us today to find out more about how we can reduce your 401(k) plan headaches while ensuring a more secure retirement for your employees.