401(K) Management | Minnetonka, MN

Elevate Your Employee Benefits with Professional 401(k) Management

Get clarity and confidence in your 401(k) plan with Endeavr’s strategic support.

✓ Plan Confidently

✓ Drive Growth

✓ Retirement Strategies Aligned

Unsure if your current 401(k) aligns perfectly with your long-term goals?

Unclear Fees. Limited Options. Is Your 401(k) Doing Its Job?

401(k) oversight can quickly become overwhelming. You want to do it right—for your team and your business—but the details are too much to manage alone. Endeavr helps make sense of it all so you can move forward with clarity.

Gain Clarity and Momentum

Feel the Difference a Thoughtful 401(k) Can Make

Endeavr helps simplify plan management so you can get back to running your business—with less stress and more clarity.

Align with Endeavr: Your Guide to Simplified 401(k) Solutions

Our approach is thoughtful, independent, and tailored to your business. Whether you’re starting fresh or need help refining your current plan, we walk with you.

Partner for the Long Term

See Why Business Owners Trust Endeavr for 401(k) Success

“I don’t feel like I’m working with just a financial advisor. I feel like I’m working with a trusted friend, and that’s really the only way I want to do business.”

Charles Thayer

“Endeavr figured out exactly what our wants and needs are and brought those to the forefront of our experience with them. They’re breaking the mold, they’re pushing the needle, and we really appreciate it. It absolutely feels like everyone at Endeavr treats us like Pros.”

Taylor and Chelsea

“Leif and his team used their knowledge to tailor a custom strategy for my family’s current and retirement goals. Combining an excellent plan with ongoing oversight gives me and my family peace of mind to leave this in their hands and let me focus on day-to-day life.”

James

“My husband and I recently moved our assets to Endeavr, and we were amazed at how seamless and stress-free the transfer was! The team is very personable and easy to work with. Each meeting has been thorough, with clear explanations and simple, user-friendly visuals. We now feel our investments are in a much better place, with a stronger focus on our individual needs. Personal, individualized attention is essential for us, and that is what Endeavr is all about.”

Katherine B.

(as of July 8, 2025)

The above statements are testimonials by clients of the financial professional. The client has not been paid or received any other compensation for making these statements. As a result, the client does not receive any material incentives or benefits for providing the testimonial. These views may not be representative of the views of other clients and are not indicative of future performance or success.

Unlock the Power of Strategic 401(k) Management

Bring clarity to your company’s retirement strategy—schedule a call with Endeavr today.

FREQUENTLY ASKED questions

Plan Sponsor Responsibilities

What responsibilities does a company have when offering a 401(k) plan?

As a 401(k) plan sponsor, your company has a fiduciary duty under ERISA to act in the best interest of employees. This includes selecting and monitoring investments, controlling fees, and ensuring the plan is run prudently and compliantly.

What is fiduciary liability and how can companies reduce risk?

Fiduciary liability means the company can be held responsible for poor plan management decisions. Risk can be reduced by:

Documenting decisions
Following a formal investment policy statement (IPS)
Working with qualified advisors
Regularly reviewing the plan

How do we ensure a 401(k) plan stays compliant with regulations?

Companies must conduct annual nondiscrimination testing (ADP/ACP tests), file required forms such as Form 5500, and follow IRS and Department of Labor rules. Many companies partner with third-party administrators (TPAs).

What happens if a 401(k) plan fails compliance testing?

You may need to:

Refund contributions to highly compensated employees
Make corrective contributions to others
Adjust plan design going forward

Safe harbor plans can help avoid these issues.

Plan Design & Investment Options

How do we choose the right investment options for a 401(k) plan?

Companies can offer a diversified lineup (target-date funds, index funds, and actively managed funds). Regularly review performance, fees, and risk levels. Many companies use a financial advisor or committee to evaluate options quarterly.

What is a target-date fund and should companies include them in a 401(k) plan?

Target-date funds automatically adjust investment risk based on a retirement date. They are widely used as default investments and simplify decisions for employees.

Should companies offer a Roth 401(k) option?

Yes – offering both traditional and Roth options gives employees tax flexibility. Roth contributions are taxed now but grow tax-free, which can be attractive for some employees.

What is a company match and how should it be structured?

A company match is when the employer contributes to an employee’s 401(k) based on their contributions (for example, a 100% match up to 4%). Strong matches can improve recruitment, retention, and employee financial wellness.

Plan Management & Costs

What fees should companies monitor in a 401(k) plan?

Focus on:

Investment fees (expense ratios)
Administrative or recordkeeping fees
Advisor fees

High fees can significantly reduce employee retirement savings over time, so benchmarking against industry averages is important.

How often should a 401(k) plan be reviewed?

At least annually, though best practice is quarterly reviews. This includes reviewing fund performance, fees, participation rates, and compliance.

How do companies measure the success of a 401(k) plan?

Key metrics include:

Participation rate
Average deferral rate
Employer match utilization
Investment performance
Employee retirement readiness

Employee Engagement & Education

How can companies increase employee participation in a 401(k) plan?

Strategies include:

Automatic enrollment
Employer match incentives
Financial education sessions
Simple enrollment processes

Automatic enrollment is one of the most effective ways to boost participation.

How can companies educate employees about a 401(k) plan?

Provide:

Onboarding sessions
Annual workshops
Online tools and calculators
One-on-one advisory access

Better education can lead to higher participation and more confident decision-making.

Evaluating Your Plan

When should a company consider changing its 401(k) provider?

It may be time to evaluate a new provider if you notice:

High or unclear fees
Poor service
Limited investment options
Compliance concerns

Many companies benchmark providers every two to three years.

What trends should companies be aware of in 401(k) plans?

Key trends include:

Automatic escalation of contributions
ESG investment options
Financial wellness programs
Lifetime income (annuity) options

Avoid the Pitfalls of Inaction in Your 401(k) Management

It’s tempting to put off dealing with your 401(k)—but clarity often starts with a single conversation. At Endeavr, we help you move forward with purpose and confidence.

This information was developed as a general guide to educate plan sponsors, but is not intended as authoritative guidance or tax or legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation. In no way does advisor assure that, by using the information provided, plan sponsor will be in compliance with ERISA regulations.