Our Retirement Plan Consulting team incorporates intelligent plan design support services, ongoing monitoring of vendors and investments, comprehensive retirement plan governance and operational support, as well as educational opportunities and financial wellness programs for plan sponsors and participants. Read on to learn more about our extensive list of services.
Our team assists you in preparing a customized investment policy statement (IPS) that meets your firm’s culture and demographics. This includes investment objectives, policies, and constraints consistent with your plan’s requirements. We also assist with regular reviews and updates to the IPS.
We review your plan’s investments and recommend investment manager(s) and investments consistent with the requirements of your plan’s IPS.
We monitor your plan’s investment manager(s) and investments and may recommend additional investments and investment managers or other changes from time to time. We also provide reports monitoring plan investment managers and investments, comparing the performance to benchmarks set forth in the IPS. This is discussed at each investment committee meeting conducted as we prepare and provide all reports, establish the meeting agendas and document all discussions in the form of formal minutes for the committee.
We provide educational opportunities by bringing in affiliated ERISA attorneys for plan sponsors to work toward improving decision-making when it comes to vendor selection, fiduciary responsibilities, investment choices, and participant education.
Our strategies are designed around the needs of real people, delivering customizable assistance with measurable results. Just as we’re committed to the education of plan sponsors, we also seek to educate plan participants through our personalized workshops and materials. Our retirement benefits professionals and 401(k) advisors offer a variety of flexible options to help ensure that your participant education program meets the specific retirement planning needs of your employees and your corporation.
We provide you with comparisons of plan data (e.g., regarding fees, services, participant enrollment, and contributions) to data from the plan’s prior years and/or a benchmark group of similar plans.
We assist you with the identification of investment products or model portfolios in connection with the definition of a QDIA under ERISA (for plans subject to ERISA).
We will recommend, for consideration and approval by you, asset allocation target-date, model portfolios, or risk-based model portfolios for your plan to make available to plan participants, and which funds from the lineup of investment options chosen by you to include in such model portfolios with an eye towards your plan’s unique demographics.
We will assist you with the preparation of requests for proposals (RFPs), evaluation of proposals and bids, and interviews of investment providers (e.g. insurance or brokerage firms or mutual fund companies) offering plan recordkeeping, investment services, and other plan service providers, as requested.
A suite of additional consulting support services are available to our plan sponsor clients, which may include, but are not limited to:
The exceptionally complex issues that business owners and plan sponsors face aren't easily addressed by a single financial advisor.
Our dynamic team-based approach to comprehensive wealth management and our Retirement Plan Consulting service for plan sponsors helps to ensure you receive advice in the most efficient manner.
Many of the personal and business financial planning specialists you need are part of our firm's diverse team of experience advisors and specialists — the Roundtable. When needed, we also work closely with partners outside of our firm based on your specific needs. Our goal is to help simplify your financial life, so you can stay focused on your business.