Fiduciary Services
Since 1974 when ERISA was first enacted, plan sponsors have understood the "prudent person" rule that they must follow as fiduciaries, and the personal liability they face for losses caused by a breach of that duty.
Today, new regulations mandating full fee transparency, potentially expanding definition of fiduciary duties, and greater enforcement actions by the Department of Labor are ratcheting up the level of fiduciary risks for plan sponsors.
Our experienced advisers and innovative processes work with plan sponsors acting either as a 3(21) co-fiduciary or 3(38) investment manager; helping your plan committee manage many of these mounting pressures.
Three Key Benefits to Plan Sponsors
Empowered by objective, independent fiduciary advice, your retirement plan committee will receive:
- Keen insights and best practices to help navigate a maze of complicated regulatory issues and disclosure requirements
- Purpose-built tools, to provide recommendations and monitoring of investments and investment performance that take into full consideration the methodology and documentation that ERISA requires
- Access to comprehensive financial education and enrollment programs designed to improve retirement readiness for your employees
A Complete Array of Investment Fiduciary Services
- Assistance with Preparation of or Assistance with Review of Investment Policy Statement (IPS)
- Ongoing investment monitoring
- Assistance with changes in investment options
- Ongoing investment recommendations
- Performance reports
- Qualified Default Investment Alternative (QDIA) assistance
- 404(c) assistance
- Participant enrollment
- Participation education
- Plan search support/vendor analysis
- Benchmarking services
Benefits to Employers
- Compare existing plan fees to the industry averages
- Easy-to-read format
- Know who, and how much, you are paying