Corporate Retirement Plans

What is a Defined Contribution Plan?

A Defined Contribution Plan is a type of retirement plan in which the employer, employee or both make contributions on a regular basis.  Individual accounts are established for each participant and benefits are based on amounts credited to the account plus any investment earnings on the money.

The complexities of managing a defined contribution plan—such as a 401(k) or 403(b)—have grown dramatically over the past several decades. In addition to complying with laws and regulations, developing an investment menu, and finding and managing a record keeper, plan sponsors have also been tasked with creating the processes for sound plan governance, for example, making sure that plan investments are monitored, plan provider fees are periodically bench marked, and that these fiduciary processes are well-documented. More recently, many of our clients are adding a focus on helping their employees achieve “retirement readiness” to their list of goals.

Over the past 25 years, we have developed a range of services to address the many demands placed on retirement plan sponsors, including:

  • Fiduciary Advisory and Risk Management Services
  • Customized policy statement creation
  • Consultant’s Review for Fiduciary Practices (CRFP)
  • Investment Advisory Services
  • Plan Operation Related Services
  • Participant Level Investment Services
  • Discretionary consulting services
  • Provider analysis and fee bench marking
  • Retirement plan participant advice

Fiduciary Advisors…. Not Sales Reps. We always work in the beneficiaries best interest.  We take a holistic look at retirement plans, incorporating aspects of plan design, investment menu selection and monitoring, participant engagement, and vendor and fiduciary process management to help you manage your plans more effectively, address your fiduciary duties, and create retirement-ready employees.   Contact us to arrange for a complimentary, no-obligation assessment of your plan.

What is a Defined Benefit Plan?

A type of pension plan in which an employer/plan sponsor promises a specific monthly benefit that is predetermined by a formula using factors such as the employee’s earnings history, age and duration of employment rather than depending directly on individual investment return. Investment risk and portfolio management are entirely under the control of the company. There are also restrictions on when and how you can withdraw these funds without penalties.

Defined benefit pension plan sponsors face a number of challenges, from today’s volatile financial markets and low interest rate environment to increasingly stringent regulatory requirements and rising longevity. Our Fiduciary Advisors are specialists at reducing investment cost and mitigating risks so you can rest easy.  These factors that combine to make it more complex and expensive to maintain a pension plan are prompting important questions for plan sponsors about how to move forward:

  • What risks are my plan exposed to and is now the time to remove risk from our plan?
  • What fiduciary exposure exists and how do we reduce or delegate them?
  • Is there a way to reduce future pension obligations and funding requirements?
  • Are there plan designs that allow participants to share the investment risk?
  • Should we consider transferring risk to a third party?
  • If termination is a goal, when should we begin planning for it?
  • What impact will a plan termination have on the company’s image?
  • Over the past 25 years, we have developed a range of services to address the many risks defined benefit pension plan sponsors are exposed to, including:
  • Investment advisory services
  • Dynamic strategic asset allocation
  • Defensive bias and De-risking solutions
  • Liability-driven investing
  • Pension risk transfer consulting

We leverage decades of experience serving as a trusted partner to remove complexity for pension plan sponsors by providing comprehensive, customized solutions that address the risks inherent in liability measurement and the capital markets.  Contact us for a complimentary, no-obligation assessment of your plan.