The 401(k) Plan Reimagined.

Our cost-efficient plan limits employer liability while empowering employees with retirement tools and multiple investment solutions; low-cost index & target date funds or have Quartz's investment team actively manage investments in a custom portfolios.

Turn-Key Solution

We provide turn-key retirement plans that are tailored to an employer's unique needs. Utilizing a rigorous and repeatable due diligence process we select a diversified and cost effective mutual fund lineup from a pool of over 10,000. We don’t just select mutual funds, we specialize in actively managing investments. Quartz's investment team can help free employees from the burden of selecting and monitoring mutual funds by managing it on their behalfOur retirement plan technology platform is intuitive, delivering data and control 24/7.

DOL Compliant

Over the past few years the Department of Labor ("DOL") has increased fines for compliance breaches. As an ERISA 3(38) fiduciary we help mitigate employer liability, by closely monitoring DOL regulations and protecting employers at no additional cost from the liability of selecting and monitoring the investment lineup. If a plan advisor is not a 3(38) fiduciary, the employer assumes all liability and the plan advisor may not be legally required to act in the plans best interest. Less than 20% of the 401k plans surveyed by Fidelity in 2015 had protection.

Cost Efficient

It's no secret that plan costs reduce the benefits available to employees and have a significant impact on saving for retirement. Excessive plan costs are often hard to identify; imbedded within a plans mutual funds expense ratio, which are deducted daily from their share price. We work hard to monitor costs, ensuring every dollar is allocated efficiently and with one goal in mind, an optimal retirement outcome. If your current provider is on this list, we may be able to greatly reduce your plans fees that absorb contributions and erode investment returns!  

Acting In Your Best Interest

401k Consultant or Sales Person?

Many financial professionals masquerade as a part-time "401k advisor" while selling a myriad of other financial products and insurance to retail clients. Surprisingly very few specialize in 401k's, have a legal obligation to act in a plans best interest or assume liability for selecting and monitoring a retirement plans mutual fund lineup for performance, fees and suitability. Leaving many employers asking, "What is the plans financial professional being paid for?" Likely, not for 401k consulting advice but rather they are being paid by a retirement plan provider to recommend and sell their retirement plan product.

 

Fortunately there are firms like Quartz Partners. As 1 of 4 CEFEX certified SEC registered investment advisers in New York and as a fiduciary we are legally required to act in our clients best interest. Quartz Partners assumes the liability ensuring plan fees are fair and for selecting and monitoring a retirement plans mutual fund lineup. 

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Why Fees Matter

Small Fees. Big Effect.

Whether expenses are paid directly by the employer or are hidden in the plans mutual fund expense ratio, employers should closely  monitor their 408(b)(2) plan fee disclosures.

 

Reducing plan investment and administrative fees by as little as 0.50% per year can increase retirement savings by $428,249 over the course of an employee's career! At a 5% distribution rate an employee's retirement income can be increased by over $20,000 each year!

 

This illustration assumes a yearly contribution of $15,000 with gross annualized investment performance of 8% and a retirement income annual withdrawal rate of 5%.

20 years

30 years

40 years

$638,795

$677,801

$1,446,195

$428,249

more for retirement!

$1,589,733

$2,997,751

$3,426,000

Plan X Fees 1.25%

Plan Y Fees 0.75%

Turn-Key Plan

Maximize dollars contributed. Minimize cost & administrative burdens.

 

Our goal is to take out the guesswork and help implement a plan quickly and seamlessly. Successful plans are cost effective, mitigate fiduciary liability and allow employers to focus on what matters most; your organization and employees. An online mobile friendly platform will allow you to take action quickly, where ever you find yourself 24/7. As always, support is only a phone call away.

Plan Design

Plan Administration

Record Keeping

Participant Enrollment & Education

Participant Investment Advice

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Compliance Testing

Form 5500 Prep & Filing

Annual Plan Review & Benchmarking

Monitor Service Provider & Investment Fees

ERISA Section 3(38) Investment Manager

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How to Get Started

1. Contact Us

Submit an information request to help us get started. You can also call us at 800.433.0422, Option 1 or email retirementplans@quartzpartners.com.
 

2. We'll send you information

We will deliver the necessary paperwork to move or establish your plan.

3. Plan Design

We will design the plan and work with you to finalize the investment options for participants, complete your paperwork, and help you fully understand the fees. If you have an existing plan, we can provide a side-by-side comparison of costs and features to help you make a decision.

4. Complete and Sign When You're Ready

Review, sign, then return a copy of the paperwork to Quartz Partners.

 

5. Final Review

We will review all paperwork to ensure it is in good order. Then we will submit the relevant paperwork to record-keepers, custodians, and TPAs.

Ready to get started?

Fill out our Information Request Form and a representative will be in touch with you shortly.

Quartz Partners acknowledges that certain services that it may perform under the Agreement constitute the provision of investment advice to the Plan for compensation and, as a consequence, is a “fiduciary” as such term is defined under Section 3(21)(A) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Quartz Partners acknowledges and agrees that they: a. Have no responsibility to and will not (i) exercise any discretionary authority or discretionary control respecting management of the Plan, (ii) exercise any authority or control respecting management or disposition of assets of the Plan, or (iii) have any discretionary authority or discretionary responsibility in the administration of the Plan or interpretation of the Plan documents, and b. Unless appointed by the Sponsor and accepted by the Firm re not an “investment manager” as defined in Section 3(38) of ERISA and do not have the power to manage, acquire or dispose of any Plan assets. In performing its duties hereunder, Quartz Partners will act in a manner consistent with the requirements of a fiduciary under ERISA. Accordingly, Quartz Partners acknowledges that the sole standard of care imposed on them and their agents hereunder is to act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent investor acting in a like capacity would use. This proposal should not be construed as investment advice. Quartz does not provide tax or legal advice. To the extent that this material or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law.  Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor. The plan sponsor should consult their legal and tax advisors regarding all tax and legal considerations with respect to the plan,, which are based upon ERISA, judicial decisions and Department of Labor regulations and rulings in existence on the date hereof. Further, neither Quartz Partners nor any investment adviser representative, solicitor, or other financial professional is (by virtue of this proposal or otherwise) a fiduciary with respect to your plan for purposes of ERISA or similar laws unless otherwise explicitly stated. 

Investors should carefully consider the underlying funds’ fees, expenses, objectives and risks carefully before investing. Quartz puts forth its best effort to achieve the objectives of its strategies. However, there is no guarantee that the objectives will be achieved. An Account's return and principal will fluctuate so that the Account, when redeemed, may be worth more or less than the amount in the Account at or subsequent to the effective date of the Investment Management Agreement. All results are expressed in US dollars and reflect reinvestment of dividends, capital gains, and other earnings as well as the deduction of trading or other expenses incurred. Performance reflects the gross return of the composite reduced by the maximum annual fee of 2%. Actual fees paid and performance may vary based on factors including account size, custodian, contributions and withdrawals, which may cause your returns to differ from those listed in this report. In particular, accounts held at variable annuities and/or fund families will have performance that frequently deviates from the listed data due to fees and investment options. Please contact Quartz or your custodian for your specific performance information. Investments in the strategies are subject to investment and manager risk, which carry the potential for a loss of principal. Tactical management strategies do not protect against losses in declining markets and there is no guarantee that the strategy performance will meet or exceed the listed benchmark. Quartz’s risk management process includes an effort to monitor and management risk, but should not be confused with and does not imply low risk. Risk tolerance objectives for the adaptCORE portfolios are over a full market cycle, defined as approximately 5-7 years, the Portfolios seek risk levels consistent with the stated risk profile. However, the underlying strategies’ focused investment approach may lead to extended market periods in which the portfolios may reflect a higher or lower risk profile.  

Click here to review Fidelity 401(k) Survey.  Click here to review Retirement Plan Fees and Savings Research.
 

6. Implementation & Enrollment

We will keep you informed with status updates as your plan is set up. Once completed, we will give you online access to your new platform, provide enrollment kits for future participants, and schedule a time to provide participant education.

 

Page Links

Contact Us

Quartz Partners Investment Management

17 1st St

Suite 206

Troy, NY 12180

 

Tel: 800-433-0422

Fax: 877-307-1266

hello@quartzpartners.com

 

Past Performance is not a guarantee of future results. There is no guarantee that the Strategies' objectives will be met. Please see Disclosures for important information regarding strategies and benchmarks. Additional disclosures and regulatory information about Quartz Partners, LLC is available on the Security and Exchange Commission's (SEC) website at www.adviserinfo.sec.gov by either searching by our firm name or unique identifying CRD #174327. Quartz Partners, LLC's use of the term “registered investment adviser” or being “registered” with the SEC, any state securities authority or self regulatory organization does not imply a certain level of skill or training. Visit Investor.gov, an online resource from the SEC, to learn about detecting fraud and researching financial advisers before investing. 

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