Key 401(k) Company Plan Considerations

Hi, I'm Ali Fawaz, Retirement Plan Strategist, and I work with plan sponsors every day here at Texas Capital. 

If you’ve ever wondered whether your retirement plan is still the right fit for your company, you’re not alone — and that’s exactly why we’re here. 

Let’s start with the big question: Do you have the right solution for your business and your employees? Plans aren’t one-size-fits-all. As your company evolves, your retirement plan should evolve with it. What worked when you had 20 employees is likely not the best fit now that you’ve scaled to hundreds of participants and tens of millions in assets. We help you assess whether your current setup still aligns with your goals — and if not, we guide you toward a better fit. Our goal is simple: to make sure your plan grows when you do. 

Another common concern: Am I paying too much? Many legacy platforms bury fees in ways that are hard to unpack. You might be paying asset-based fees, wrap fees and indirect revenue streams that aren’t clearly disclosed. We benchmark your fees against industry standards and help you understand exactly what you’re paying for — and whether it’s worth it. Transparency is key, and we make sure you’re getting value for every dollar. 

Now let’s talk about something that is often misunderstood — fiduciary liability. As a plan sponsor, you carry fiduciary responsibility — and that can feel overwhelming. We help you put the right governance in place — from investment reviews to committee support — so you can feel confident that your plan is being run responsibly. And if managing your retirement plan is taking too much of your time — we get it. You have a business to run. That’s why we offer tools, resources and expert support to take the burden off your plate, so you can focus on what matters most. 

Finally, ask yourself: Is your fiduciary liability being actively managed? At Texas Capital, we’re not just here to check a box — we’re here to be your partner. 

If any of these questions resonate with you, let’s start a conversation. Whether you are looking to optimize costs, reduce fiduciary risk or simply ensure your plan is keeping the pace of your business, our Private Bank team is ready to help. Let’s build a retirement plan that works for your business, your employees and your future. For more information on Texas Capital Private Bank or to speak with a Private Client advisor in your area, please visit us at our website.