What we do?

We provide fiduciary consulting to qualified plan sponsors and investment consulting to plan participants.


 

 

 

 

 

 

Defined Contribution Plans/401(k), Profit Sharing, Money Purchase, Cash Balance, Defined Benefit Plans, Non-Qualified Executive Benefit Plans, Municipal & Non-Profit Retirement Plans, Section 457, Section 401(a), Section 403(b), Taft Hartley Plans.

Scope of Services

Fiduciary Investment Services as an ERISA 3(21) Co-Fiduciary

Act as co-fiduciary as an ERISA 3(21) Co-Fiduciary and as a Registered
Investment Adviser (“RIA”) with the Plan Sponsor and with the Plan’s
fiduciary investment committee (collectively hereinafter referred to the
“Investment Fiduciary”).

Develop Plan’s Governance and Structure

  • Develop 401(k) Committee Charter.
  • Ongoing review of Plan’s Governance and Structure.

Develop Plan’s Investment Objectives

  • Identify and develop Plan’s investment objectives.

Development of Investment Policy Statement

  • Develop Investment Policy Statement for adoption by the Investment Fiduciary in accordance with the U.S. Department of Labor (DOL) regulation 29 CFR 2509.08-2 or any successor guidance from the DOL.

Recommend Plan Menu Design (for defined contribution plan with participant-directed investments)

  • Recommend a broad and diversified range of asset classes and investment categories for an investment menu of an appropriate size for the Plan’s participants.

Recommend Investment Options

  • Recommend for the Plan’s investment menu a broad range of investment funds (such as mutual funds, collective funds or similar pooled investment vehicles, within the jurisdiction of appropriate courts, and protected from theft or embezzlement).

Investment Monitoring and Reporting

  • Analyze the performance of the Plan’s investments (no less than quarterly) and provide the Investment Fiduciary with reports comparing investment performance of the investments against the appropriate benchmarks, as described within the Plan’s Investment Policy Statement.

Development of Fee Policy Statement

  • Develop Fee Policy Statement for adoption by the Investment Fiduciary to govern prudent practices with regards to service provider and investment related fees borne by the Plan’s participants.

Periodic Benchmarking of Fees

  • Provide a benchmarking analysis of the Plan’s fees for services and investments on a periodic basis to assist the Investment Fiduciary in the
    evaluation of its service arrangements.

Review Qualified Default Investment Alternative (QDIA) (for defined contribution plan with participant-directed investments).

  • Evaluate the appropriateness of the Plan’s qualified default investment alternative (QDIA) if the Plan is a defined contribution plan with participant-directed investments.

Serve as an ERISA 3(38) Investment Manager

  • If elected, serve as and ERSIA 3(38) Investment Manager, with discretionary authority for the selection, monitoring and if necessary replacement of plan investment options.

Plan Operation-Related Services Review ERISA 404(c) Compliance

  • Review the Plan’s investment menu and operational procedures to assess compliance with the conditions of ERISA 404(c) and the availability of the “safe harbor” liability protection for the Plan’s fiduciaries.

Analyze Plan Design

  • Assess and analyze the Plan’s benefit design and make recommendations designed to improve the overall effectiveness of the Plan as a retirement savings vehicle for Plan participants.

Review 408(b)(2) Disclosures for Completeness

  • Review the 408(b)(2) fee disclosures provided by the Plan’s administrative service provider(s) for completeness and appropriateness in accordance with the applicable regulatory standards.

Review 404(a)(5) Disclosures for Completeness

  • Review the 404(a)(5) participant level disclosures prepared by the Plan’s administrative service provider(s) for completeness in accordance with the applicable regulatory standards.

Review ERISA Budget Account

  • Review and confirm the proper operations of the amounts credited to, and the Plan expenses paid from, and ERISA budget account of expense reimbursement arrangement (“PERA”) maintained by the Plan’s administrative service provider.

Generate and Evaluate Service Provider Requests for Proposals (RFPs)

  • Generate RFP’s for the current and prospective service providers, and assist the Investment Fiduciary in the evaluation of the resulting bids for proposals.

Generate and Evaluate Service Provider Requests for Information (RFIs)

  • Generate RFI’s for the current and prospective service providers, and assist the Investment Fiduciary in the evaluation of the resulting bids for proposals.

Support Contract Negotiations with Administrative Service Providers

  • Provide guidance and support in connection with the Plan Sponsor’s negotiations with service provider to the Plan.

Provide Service Provider Transition and/or Plan Conversion Support

  • Provide guidance and assistance in connection to a new service provider for the Plan.

Participant-Level Investment Services Development of Education Policy Statement

  • Develop Education Policy Statement for adoption by the Investment Fiduciary to govern prudent practices for fulfilling fiduciary requirements of providing education for the Plan’s participants.

Development of Participant Education & Communication Strategy

  • In conjunction with the Investment Fiduciary, develop applicable objectives and strategies for providing education to the Plan’s participants.

Periodic Review of Education Strategy

  • In conjunction with the Investment Fiduciary, review and assess effectiveness of the education strategy for the Plan’s participants.

Provide Investment Education to Participants:

  • Assist Investment Fiduciary in coordinating education to the Plan’s participants in accordance with Department of Labor Interpretive Bulletin 96-1 and such other guidelines as may be specified by the Plan Sponsor and the Investment Fiduciary, which may include Plan-related information, general financial information, hypothetical asset allocation models and interactive materials.
  • Coordinate Employee Education Meeting held by the Provider.
  • Provide Supplemental Participant Education-related Communications.
  • If elected, conduct Employee Education Workshops, meetings, and one-on-one consultation.