Social(k) Folio Retirement Plans

RPG Consultants, with Social(k), brings a new class of investments to retirement plans.

RPG Consultants offers Social(k) clients the ability to invest beyond Mutual Funds and ETFs. Our abilities as recordkeeper brings Separate Account Managers using Environmental, Social and Governance screens on top of financial screens to plan advisors and sponsors.

Social(k) has been bringing Environmental, Social and Governance screened investment options to retirement plans for 10 years. It’s been our mission to provide people with the choice to invest their money in companies that value social and environmental responsibility, alongside profitability. In 2015, we expanded;

  • From one to four recordkeepers to accommodate different plan sizes and complexity.
  • A wider range of account types including Solo(k)s, IRAs, SIMPLE IRAs and SEPs. 401(k) 403(b), 457, Cash Balance, Profit Share and Safe Harbor.
  • Broader range of additional services to manage larger plans and integrate with your HR suite of benefits.

Until 2014, Social(k) recordkeeping was done exclusively through ExpertPlan, a paperless platform founded in 1999. ExpertPlan delivered the ability for Social(k) to match sustainable, mission-driven organizations with investments that integrate sustainability into their ethos and supply chain. With ExpertPlan we offered over 200 ESG screened funds for advisors to choose from.

Ten years later, $150,000,000 has been invested by 7500 people working for over 300 organizations that picked Social(k) as their platform. Clients include many of the organizations we belong to. B Corp, US SIF, Green America, Social Venture Network, and RSF Social Finance.

Social(k) is adding fiduciary oversight to plans requesting this service. This provides another level of due diligence over investment options and plan oversight. One firm follows a documented process to provide due diligence on the plan investments and oversee plan operation as required by the Dept of Labor. The second provides deep insight into the sustainability of the underlying investments.

Investments options will expand beyond mutual funds and exchange traded funds (ETFs) to include RSF and Calvert Notes, Solar Bonds, Separate Account Managers and private investments. Social(k) now aggregates ESG investment options from all classes of investments.

Social(k) charges $250 per plan and $10 per participant account, annually. This is a change from $350 for full service, $100 for recordkeeping only, plans we received in the past. For this Social(k) brings ESG options to employers in a low cost platform and the assistance to understand account options and pricing. We also believe adding investments that support a responsible and sustainable way of doing business, sends a positive message to employees, which brings better participation to the plan.

Building a better 401(k) was the goal. We continue to add value to the company plan with broader choices for recordkeeper, TPA or custodian and support services to enhance the plan.

Finally with a group of plans united under the Social(k) brand we are a stronger buyer in the market. Should you have a issue with a plan we are always here to advocate on your behalf.

Social(k) is a Founding member of B Corporation, 1% For The Planet and Slow Money. We are Green America Certified Business, supporter of Social Venture Network Community, member US Social Investment Forum and advocate for responsible and sustainable businesses and organizations. With Social(k) you also gain a personal advocate for your plan through my phone and email.

Rob Thomas

Founder and President