⁽¹⁾ Admin Free FiduciaryMaxx Retirement Platform^TM is a Trademark of RetireWell, LLC.

⁽²⁾ Using our FiduciaryMaxx Program, we undertake the administrative 3(16) and investment 3(338) fiduciary management and liabilities of your plan, and provide education, certification and documentation to plan fiduciaries to assure their 402(a) fiduciary duties, (which cannot be outsourced but must be retained by the plan sponsor), are met and documented; thus providing owners, executives, board members and other plan fiduciaries with the highest level of fiduciary protection provided under DOL regulations.

⁽³⁾ SelectiveExecutive^TM Golden Handcuff Reward Plans is a Trademark of RetireWell, LLC.

⁽⁴⁾ “We help participants achieve their goals.

⁽⁵⁾ Have Your Plan Managed on an Independent (non-proprietary), Modern Fintech Recordkeeping & Administrative Platform With a Proven Record of Success. RetireWell’s premier recordkeeping and administrative partner is Vestwell, a modern fintech engine based in New York, New York.

⁽⁶⁾ Accredited Investment Fiduciaries (AIF), The Accredited Investment Fiduciary® (AIF®) professional designation is the industry’s first and only designation that demonstrates knowledge and competency in the area of fiduciary responsibility and communicates a commitment to standards of investment fiduciary excellence. Holders of the AIF® mark have successfully completed a specialized program on investment fiduciary standards and subsequently passed a comprehensive examination. AIF designees have a reputation in the industry as being the best positioned to implement a prudent process into their own investment practices, as well as being able to assist others in implementing proper policies and procedures. The purpose of the Accredited Investment Fiduciary (AIF) Designation is to assure that those responsible for managing or advising on investor assets have a fundamental understanding of the principles of fiduciary duty, the standards of conduct for acting as a fiduciary, and a process for carrying out fiduciary responsibility.

The Accredited Investment Fiduciary (AIF) is a designation for professionals who are well-versed in fiduciary responsibility and meet the Global Fiduciary Standard of Excellence.  AIF holders are highly competent in fiduciary responsibility and know how to communicate a commitment of fiduciary excellence. The AIF designation involves a rigorous training program with a closed-book final exam under a proctor’s supervision. It also requires a long-term commitment to the Code of Ethics and Conduct Standards. Designees receive the knowledge and skills they need to evaluate the fiduciary practices of investment vehicles such as 401(k) plans and defined benefit plans. They also support those who manage endowment and foundation assets. AIF holders must renew their certification every year. To do so, they are required to accrue six hours of continuing professional education, with at least four hours from Fi360 sources. In addition, they must maintain their current contact information in Fi360’s database, attest to a code of ethics, and remit annual dues.

An Accredited Investment Fiduciary (AIF) is legally obligated to always act in the best interests of their clients. They offer recommendations based on each client’s unique goals rather than prioritizing commissions, kickbacks and referral fees that solely benefit them. 

⁽⁷⁾ According to the DOL, Might Otherwise Wipeout Up to 28% of Your Retirement Account Value – “A Look at 401(k) Fees”, U.S. Department of Labor, Employee Benefits Security Administration (EBSA).

⁽⁸⁾ With Additional Tax-Free Retirement Income Plans for Owners and/or SelectiveExecutive^TM Under current federal tax rules, investors generally may take federal income-tax-free withdrawals up to their basis (total premiums paid) in the supplemental retirement income life policy or loans from a life insurance policy that is not a Modified Endowment Contract (MEC). Certain exceptions may apply for partial withdrawals during the policy’s first 15 years. If the policy is an MEC, all distributions (withdrawals or loans) are taxed as ordinary income to the extent of gain in the policy, and may also be subject to an additional 10% premature distribution penalty prior to age 59½, unless certain exceptions are applicable. Loans and partial withdrawals will decrease the death benefits and cash value of the life insurance policy and may be subject to policy limitations and income tax. In addition, loans and partial withdrawals may cause certain policy benefits and riders to become unavailable and may increase the chance the policy may lapse. If the policy lapses, is surrendered, or becomes an MEC, the loan balance at the time would generally be viewed as distributed and taxable under the general rules for distribution of policy cash values.

⁽⁹⁾ FiduciaryMaxx^TM is a Trademark of RetireWell, LLC.

RetireWellPlans.com, RetireWell.org, and MyRetireWellPlan.com are each owned and operated by RetireWell, LLC and its subsidiaries. RetireWell, LLC is a New York LLC. All investment related content is provided for general information purposes by RetireWell, LLC, an SEC Registered Investment Advisor, and is not intended to be construed as investment advice. Investments involve risk and are not guaranteed. Please be advised that this webpage is not intended as legal or tax advice. Accordingly, any tax information provided in this article is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. The tax information was written to support the promotion or marketing of the transaction(s) or matter(s) addressed, and your clients should seek advice based on their particular circumstances from an independent tax advisor. Neither Equitable nor its affiliates provide legal or tax advice.

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