Why Consider Switching?
Excessive Plan Fees
Layered administrative and investment fees can silently erode participant savings over time.
Lack of Fiduciary Support
Without specialized 3(38) or 3(21) oversight, plan sponsors bear significant personal liability.
Poor Service Performance
Unresponsive support and outdated technology create friction for both employers and employees.
How to Switch 401(k) Advisors
Experience a seamless upgrade to your plan with our expert-led roadmap for vendor integration and staff education.
Our Transition Process
Confidential plan review
Side-by-side advisor comparison
Transition timeline and checklist
Provider coordination
Participant communication support
The Parallax Advantage
Reducing investment and administrative costs to maximize participant returns.
COMPETITIVE Fees
Mitigating employer liability through rigorous 3(21) or 3(38) investment management.
Fiduciary Shield
Direct access to seasoned advisors for both the sponsor and employees.
Better Access
Simplified reporting and user-friendly portals for seamless administration.
Modern Tech
Common Questions
How long does the transition usually take?
Most advisor transitions are completed within 30 to 60 days, depending on your current provider's notice period and data requirements.
Will my employees experience any downtime?
We coordinate heavily to ensure a 'silent' transition where possible. If a blackout period is required, it is typically kept to a 5-7 business day minimum.
Does switching advisors increase my plan costs?
Our goal is often the opposite. We perform a fee benchmark during the review to ensure you're paying competitive institutional rates.
What is the first step in the process?
The process starts with a confidential fee and service review of your existing plan. We look at your Form 5500 and current service agreements.