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WELCOME TO 
MY 401K ADVOCATE

Committed to Excellence

Welcome to My 401k Advocate. Our main goal is to always achieve a high level of customer satisfaction with the services that we provide. We’re thrilled you’ve decided to visit us - please browse our site to discover what we’re all about.

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ABOUT US

The Department of Labor states that an employer must operate its 401(k) Plan in the best interest of the participants and beneficiaries. 


My401kAdvocate is an independent, unbiased consultant who will review your 401(k) Plan to assess whether plan fees are as low as they can be for the services provided. We review the 401k plan's design, compliance, fees and the services you are receiving for those fees. We do not sell any products and we are not linked to any other company, so you know you are receiving an unbiased, independent result.

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WHAT WE DO

The hot button for 401(k) plans over the last several years are fees. That has been the main source of 401k lawsuits. In 2020 there was an 80% increase in lawsuits against either employers or recordkeepers or both regarding their fees and fiduciary responsibilities.


Some suits were brought because the investments offered were mainly funds of the recordkeeper (like Fidelity, Principal, etc.). Some recordkeepers like using their own funds because that brings costs down for them but isn’t always in the best interest of the participants. Sometimes the suit was brought because the recordkeeper was using a share class with too high of a fee when a cheaper one was available.

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We independently review all aspects of your plan to give you a thumbs up or to help you recognize where it can be improved. We can even help you find better options to help minimize your risk of a lawsuit. Proof of this due diligence will also increase your chances of a good outcome if you are sued. Remember, we don’t sell any products, so we work for you. We are your 401k Advocate.

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Your plan’s review will be conducted by Michael Lauhon, your 401(k) Advocate. He is a Certified Pension Consultant through the American Society of Pension Professionals and Actuaries. He has 29 years of experience in administering and recordkeeping 401(k) Plans. He also has a Bachelor of Science in Mathematics from Marshall University.

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GET IN TOUCH

1400 Sixth Avenue
Huntington, WV 25701
USA

3046176357

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