We provide value added services to Plan Sponsors and reduce their fiduciary liability. These services include:
Value added services we provide
Benefits gained by Plan Sponsor / Participant
Fund Selection by a proprietary process We construct a fund offering tailored for each company's specific needs. We conduct a comprehensive investment analysis of funds weighting a broad range of factors into our proprietary model. In addition, we implement an extensive qualitative review of the investments to determine which funds meet our highly selective criteria.
Plan Sponsors will mitigate their fiduciary risk by having a rigorous and prudent investment process that is well documented.
Plan Participants will have a higher probability of achieving their retirement goals.
Ongoing Fund Due Diligence We produce a Quarterly Monitoring Report (QMR) that analyzes your funds based on the specific criteria of your Investment Policy Statement (IPS).
Plan Sponsors are supported in fulfilling their fiduciary duty under ERISA to continually monitor and document the performance of their investments.
Design & Implement Investment Policy We write an Investment Policy Statement and proactively address the content with you annually.
Best practices state as a Plan Sponsor that you should have and adhere to an Investment Policy Statement.
Analyze/Document Plan Fees and Revenue Sharing
We analyze total plan costs and ensure that the fees are fully disclosed and reasonable. We also analyze and quantify any revenue sharing arrangements. We will negotiate lower share classes for Plan Sponsors.
Plan Sponsors fulfill their fiduciary duty under ERISA that they have ensured fees are reasonable. They gain an unbiased expert in being an advocate and ensuring all fees are documented and understood. In addition, clients have an advocate negotiating lower fees proactively on their behalf.
Fiduciary Education and Support
We have specialized training and accreditations as an AIF (Accredited Investment Fiduciary). We educate Plan Sponsors of their fiduciary duty and best practices in being a fiduciary.
Plan Sponsors gain valuable education and support in understanding and fulfilling their role as fiduciaries.
Employee Communications Consulting
We leverage our extensive experience in developing a custom education strategy in tandem with the Plan Sponsor and Provider.
Plan Sponsors achieve a Communications Strategy that provides value for their employees.
Unbiased Vendor Searches Since we have no conflicts of interest , we provide professional unbiased advice in your Search process. We employ a Five Step Due Diligence Process in determining the best-fit provider.
Plan Sponsors acquire a prudent expert who manages the search process and helps fulfill their fiduciary duty.
Fund Selection by a proprietary process