Overview
5
investments. If the IPS criteria require an investment to be removed, IAR will provide
information and analysis to assist the Plan Fiduciary to evaluate replacement
investment alternatives.
• Recommendations to Allocate and Rebalance Model Asset Allocation Portfolios:
Based on the Plan’s IPS or other investment guidelines established by the Plan, the
IAR will review the investment options available to the Plan and will make
recommendations to assist the Plan Fiduciary to create and maintain Model Portfolios.
Once the Plan Fiduciary approves the Model Portfolios, the IAR will provide reports
information and recommendations, on a periodic basis, designed to assist the Plan
Fiduciary to monitor the Plan’s investments. If the IPS criteria require an investment
to be removed, the IAR will provide information and analysis to assist the Plan
Fiduciary to evaluate replacement investment alternatives to be included in the Model
Portfolios. Upon reasonable request he IAR will make recommendations to the Plan
Fiduciary to rebalance the Model Portfolios to maintain their desired allocations.
• Recommendations to Select and Monitor Investment Managers: Based on the Plan’s
IPS or other guidelines established by the Plan, IAR will review the potential
investment managers available to the Plan and will make recommendations to assist the
Plan Fiduciary to select one or more investment managers. Once the Plan Fiduciary
approves the investment manager, IAR will provide, on a periodic basis, reports,
information and recommendations to assist the Plan Fiduciary to monitor the Plan’s
investment managers. If the IPS criteria require an investment manager to be removed,
IAR will provide information and analysis to assist the Plan Fiduciary to evaluate
replacement investment managers.
• Navigate Model Portfolios (“NRP”): Caleb Hopkins, CFA® manages a series of
Navigate 401k discretionary investment models constructed utilizing mutual funds or
ETFs. These portfolios were developed for investors looking for a strategic allocation
providing diversification across major asset classes in a discretionary program.
Investments will consist primarily of mutual funds and ETF assets and be focused on
traditional fixed income, US equity, and international equity strategies. Investments
will typically be spread across strategies provided by multiple investment management
firms. These models are available as Conservative, Moderately Conservative,
Moderate, Moderately Aggressive and Aggressive risk profiles. Additional information
on the qualifications and background of Navigate 401K’s Investment Team leaders can
be found in the Brochure Supplement (Form ADV Part 2B) at the back of this
Brochure.
• Assistance with Plan Fiduciaries’ Governance and Committee Review, Including:
➢ Determining Plan Objectives and Plan Design Options Reviewing
➢ Retirement
Plan Committee Structure Requirements
➢ Reviewing Participant Education and Communication Strategy, Including
ERISA 404(c) Requirements
➢ Coordinating and Reconciling Participant Disclosures Under ERISA Rule
404(a)(5) and Developing Requirements for Responding to Participant
Requests for Additional Information
➢ Developing and Maintaining a Fiduciary Audit File
➢ Attending Periodic Meetings with Plan Fiduciary (Upon Request by Plan
Fiduciary)
• Assistance with Plan Fiduciaries’ Vendor Management (Service Provider
Selection/Review), Including:
➢ Reviewing Fees and Services and Identifying Procedures to Track the Receipt
and Evaluation of ERISA 408(b)(2) Disclosures
➢ Providing Periodic Benchmarking of Fees and Services to Assist Review for
Reasonableness
➢ Reviewing ERISA Spending Accounts or Plan Expense Recapture Accounts
(PERAs)
➢ Generating and Evaluating Service Provider Requests for Proposals (RFPs) and
or Requests for Information (RFIs) Support with Contract Negotiations
➢ Service Provider Transition and/or Plan Conversion
• Investment Education for Plan Fiduciaries Concerning:
➢ Investment Policy Statements
➢ Assessment of Overall Investment Structure of Plan (i.e., types and number of
asset classes, model portfolios, etc.)
➢ Review of the Plan’s Investment Options
➢ Review of Qualified Designated Investment Alternatives (QDIA)
➢ Search and Review of Investment Managers
• Employee Investment Education and Communication Including:
➢ Providing Group Enrollment and Investment Education Meetings
➢ Providing Fee Specific Education and Communicate the Plan’s Requirements
for Requesting Additional Information about Plan Fees and Expenses
➢ Supporting Individual Participant Questions
➢ Providing Periodic Updates Upon Request
➢ Assisting Participants with Retirement Readiness
➢ Attending Periodic Meetings with Plan Fiduciary (Upon Request by Plan
Fiduciary)
N401k does not offer Wrap Fee Program Accounts.
As of December 31, 2023, the firm has $131,986,568 discretionary assets under management
and $0 non-discretionary assets under management.
Form ADV, Part 2A, Item 5
The following types of fees will be assessed:
Asset Management – Fees are charged either quarterly or monthly in advance and are based
primarily on asset size and the level of complexity of the services provided. In individual cases,
N401k has the sole discretion to negotiate fees that are lower than the standard fee shown or to
waive fees. Fees are not based on the share of capital gains or capital appreciation of the funds
or any portion of the funds. Comparable services for lower fees may be available from other
sources. Fees for the initial quarter or month will be prorated based upon the number of calendar
days in the calendar quarter or month that the advisory agreement is in effect. In most cases, fees