Clearly define the parameters of our relationship and establish reasonable expectations
Developing an overall retirement plan strategy with specific goals is critical in helping to ensure success.
Evaluate and select service providers
We can diagnose the particular aspects of service delivery that are most important to your situation, and recommend appropriate alternatives.
Provide plan-design consulting
A review of the plan design is very important because plan-design provisions can make a big difference in whether the plan meets your needs.
Assist in designing an investment policy statement (IPS)
As a plan sponsor, you can minimize your fiduciary liability by implementing an IPS, which outlines a detailed, prudent plan of action for investment managers and advisors to follow.
Manage the implementation and transition to new providers
This is often one of the most problematic functions, as many “fired” providers are less than anxious to cooperate with new providers. Having one individual responsible for coordination makes the process less stressful for you.
Serve as the primary contact for all aspects of plan servicing
We’ll act as the single source responsible for managing all the moving parts of your plan, and will troubleshoot as needed. You and your employees will never wonder who to call when problems or questions arise.
Provide ongoing plan reviews
This includes discussing overall plan service, operation and results, participation levels, deferral percentages, loans, nondiscrimination testing, enrollment communication strategies, and all other items of importance.
Manage employee communication and investment education
We’re available to your employees by phone and, periodically, in person for individual consultation. If enrollment and/or education teams from the provider are necessary due to multiple company locations, we will coordinate those efforts. We can also provide supplemental educational materials, if desired.