To avoid any potential liability, a plan sponsor must be sure to fulfill their fiduciary duties such as:

• Acting solely in the interest of plan

• Carrying out their duties prudently.

• Following the plan documents (unless inconsistent with ERISA);

• Diversifying plan investments; and

• Paying only reasonable plan expenses

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Our services include frequent meetings with plan sponsors to be sure that these duties are being carried out. 

Plan Sponsors are required to provide diversified investment choices for participants to minimize risk and avoid large losses to their portfolio. However, industry research indicates that investors often make poor decisions that contribute to under performance. By emphasizing employee education, WMA helps plan participants to minimize investment mistakes, increase plan balances and reduce sponsor's fiduciary liability. 

Our platform is an "open architecture" design, meaning that we can provide virtually any investment option without the restrictions of a typical mutual fund or insurance company product. This allows us the ability to completely customize the investment options to meet the needs of the employer.

WMA eliminates excessive fees by utilizing low-cost investment options such as exchange traded funds, index funds and no-load, low-cost mutual funds. Our open architecture platform allows us to seek the most cost-effective solutions for third party administrators, custodians and other administrative functions to further reduce overall plan costs. In addition, our plans are completely transparent so that every fee that affects the plan is disclosed in our proposal. This transparency also ensures that plan sponsors are meeting their fiduciary responsibility of paying only reasonable plan fees.