How do I know what investments I can offer in my plans?
The plan's custodian will have a list that you can choose from. MVP can help identify any that you are interested in.
How do I know what investments are offered in the plan?
In our Financial Advisor Web under Investment Performance you will find the complete lineup of existing investments available. To see the balances in each investment go to Investment Holdings. Both of these sections allow you to "drill down" to see more detailed information.
How do I request changes to plan investments?
Email a list of changes, including ticker symbols, to your Relationship Manager. We will follow our standard process that takes about 45 days.
Why does the investment change process take so long?
The ERISA 404a5 Fee and Investment Disclosure (Change Notice) must be provided to participants at least 30 days in advance of when the changes are to take place. The extra 15 days or so allows MVP time to generate the notice and either delivery to the plan sponsor for delivery to the participants or for MVP to deliver to the participants directly?
Does my fee have to be paid out of the plan?
If you are an RIA or offer your services through an RIA, then the plan sponsor may pay your fee outside of the plan.
If I want my fee paid out of the plan, how does that work?
Each plan is different, but either you calculate your fee and tell us what it is so that we can allocated it against the plan's assets or we can calculate it for you. Then we request that the plan's custodian issue a check to your firm or an ACH to your firm's bank account.
Can “revenue sharing” (expense offsets) be allocated back to participants who generated those offsets?
Yes! MVP has a methodology whereby credit can be given back to the participant who generated the offset based upon their account balance daily average for the plan quarter.