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BPU Investment Management establishes and manages 401(k) and 403(b) plans with the mission to guide participants to a secure and comfortable retirement.
Building Relationships: The BPU Difference
Many features of 401(k) and 403(b) plans have become standard, such as comprehensive websites, ability to change daily from one investment option to another, regulatory reporting support and plan updates. The BPU difference is that we form strategic relationships that foster plan success—relationships with your company, and with each and every plan participant. By building relationships, we understand the goals of plan participants, and can offer advice and guidance that help them reach those goals.
One-on-one Investment Advice and Guidance
One of the major flaws in most 401(k) and 403(b) plans has been the assumption that with the help of a group workshop, each participant can effectively handle the critical responsibility of being their own portfolio manager and financial planner. But studies show that the vast majority of 401(k) participants don’t have adequate investment training and experience, and consequently most participant’s accounts are underfunded. We pledge to meet with all plan participants on an one-to-one basis to help them determine a wage deferral rate that matches their retirement needs and the appropriate managed investment portfolio to reach their retirement goals.
An Independent Investment Advisor
There are thousands of mutual funds available for 401(k) and 403(b) plans. How to know which ones are best suited for your plan? At BPU, we put thousands of funds through our rigorous screening process to help the sponsor chose the best of breed and make sure all major asset classes are covered. And we do it free of conflicts of interest, because we never work for or accept compensation from any mutual fund company, bank or insurance company.
Co-fiduciary Protection
As co-fiduciaries, BPU and our clients’ interests are completely aligned. As co-fiduciary, we keep your mutual fund fees at the lowest possible level and help you comply with your trustee duties as outlined by ERISA. Our level fee structure and independence insure that BPU’s investment advice parallels requirements outlined in the Pension Protection Act of 2006.
BPU Asset Allocated Portfolios
We have developed five distinct asset-allocated portfolios from which participants can select. These portfolios take the constant investment decision-making burden off their shoulders and place it squarely on ours. The portfolios we help a participant select depends on their retirement goals, risk tolerance and deferral rate. These portfolios are built from the mutual funds in the plan, are monitored for performance and consistency, and are rebalanced quarterly. In addition, participants are free to bypass our asset- allocated managed portfolios and select from any of the funds offered in the plan.
An Unbundled Approach
There are three distinct roles that are part of every 401(k) and 403(b) plan: Investment advisor, custodian and record keeper. At BPU, we offer a classic unbundled, yet seamless approach balancing all three functions. Unbundled, because we can offer one, two or all of these roles for our clients and our fees for filling each of these roles are transparent. Seamless, because we integrate all the services we offer into one package. Our custodian partner is Fidelity Investments, which affords us the platform from which we can select thousands of no-load/no-transaction fee funds. Our clients have the knowledge that their funds are held in custody with the largest mutual fund firm in the industry. EPIC Advisors is our favored administrator; EPIC supports our web site, transaction capabilities, plan updates, end-of-year reporting and individual participant accounting.
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