Let us assist you in a variety of ways with your Company Retirement Plan!
Finding and maintaining an appropriate retirement plan for your company is sometimes a formidable task. After all, it takes a lot to run a business and this isn’t at the top of your daily list. Let us assist you with building a program that fits the needs of your company and your employees.
Needs Assessment
Have you taken a close look at your plan lately? Are you comfortable that you are meeting all of your fiduciary responsibilities? Does your plan provide the tools and features that today’s technology offers? We can help you evaluate your current plan, the provider, its features and investment options to ensure your company is providing a prudent, valuable, and competitive benefit for your employees.
Participant Education
Do you have an effective plan in place to educate your employees on the features and benefits of your plan? An efficient, effective approach to conveying and documenting these communications is pivotal to making the plan successful and meeting certain duties and responsibilities. We can customize your approach and provide superior educational services that meet the needs of your employees. Here are just a few examples:
- Understanding the plan and its features.
- Ongoing education about retirement planning and personal investments.
- Help with individual risk tolerance assessment.
- Educating participants on prudent asset allocation and how it works.
Investment Selection and Monitoring
Let us assist you in the ongoing processes necessary to maintain your fiduciary duties. We can help with your Investment Policy Statement, selecting prudent investment options, and monitoring plan performance.
Co-fiduciary Relationships
Many companies use advisors that are technically non-fiduciary advisors, even though they often describe themselves as “co-fiduciaries”. Using a non-fiduciary advisor can actually increase the risk of your company fiduciaries. We can help you identify your plan fiduciaries and ensure that your investment advisor is actually a co-fiduciary. And yes, if we assume an advisory role, then we will be a co-fiduciary and will accept that responsibility.
Conflicts of Interest
One of the most basic tenets of ERISA fiduciary law and that of a Registered Investment Adviser is that advice should be free of “conflicts of interest”. Conflicts arise in many ways however the most common is in the way the advisor is paid, or in relationships between the advisor and the client or the plan provider. We take this very seriously and insist upon transparency in regards to fees and relationships. Additionally, we disclose any known conflicts of interest as they occur and prior to any engagements.
The Industry “Big Boy” Syndrome
Consumers and companies always feel a sense of security when working with the industry leaders……the “big boys”. However, when it comes to your plan, this doesn’t hold much merit at least in terms of protecting fiduciaries. Many of these entities run away from fiduciary duties leaving your company fiduciaries holding the bag. They are good at marketing, good at making money, and good at protecting themselves from you. Let us help you identify your relationship and make sure it adds true value.
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