Our Process

How we differentiate ourselves

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  Understand Your Current Plan

  Our process begins with assisting plan sponsors in understanding their roles and responsibilities as a fiduciary. We act as an ERISA 3(21) to the plan in which we share fiduciary responsibility with the plan sponsor. As a fiduciary, we implement a prudent process in order to help minimize potential legal liabilities. Our process enables us to install a fiduciary oversight program which helps us mitigate risk and manage plans diligently. Through our guidance and documented process, we can help ensure your plan is in full compliance with regulatory standards in a constantly evolving regulatory environment.

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  Redefine Your Goals

  One of the biggest problems we see today is that plan sponsors neglect to deal with investment selection. Investment selection is a process and we help guide you by building a blueprint to select and monitor plan investments. The blueprint is known as an Investment Policy Statement (IPS) and serves as the plan’s long-term strategy pertaining to investment goals and objectives. We conduct quarterly reviews of plan performance in order to ensure that investments are working towards the plan’s goals and objectives.

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  Analyze Plan Effectiveness

  By benchmarking your plan it allows us to evaluate the competitiveness of your plan compared to other vendors in the industry. If necessary we can help negotiate lower fees with your current record keeper or assist in implementing a more cost-effective plan. We strive to be reactive rather than proactive in order to ensure our clients are receiving the most cost efficient service in the industry.

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  Upgrade Your Plan

  Our goal is to help you clearly identify all fees associated with your plan by increasing transparency. There are often hidden fees within retirement plans such as revenue sharing. Revenue sharing fees are indirect fees paid by record keepers to Third Party Administrators and Advisors.

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  Deliver A Prudent Process

  is the foundation for implementing a successful retirement plan within your company. Whether starting from scratch or reviewing an existing retirement plan we help build a plan that is unique to your current situation. Better plan design may lead to increased participation and could give employees a better chance at retiring comfortably. We believe that consistently reviewing key metrics such as employee demographics, expected contributions, risk tolerance, and participation will allow us to evolve your plan as your business grows.

  Roth: adding a Roth feature enables after- tax contributions to be withdrawn tax-free if the funds are held for at least five years.

  Safe Harbor: adding a Safe Harbor provision to your plan will allow business owners and highly compensated employees to maximize contributions to their own accounts while satisfying the nondiscrimination testing.