Fiduciary Consulting

Plan fiduciaries must act as prudent experts under ERISA, and are therefore held to a high standard of care with respect to plan-related decisions regarding investments, service providers, plan administration, and general ERISA compliance issues. Most prudent plan sponsors hire a plan consultant (advisor) to assist them in adhering to ERISA’s rigorous standards, and to meet their objective of offering a best practices 401(k) plan to their employees.

Please use the "Contact us" information to the right of the page if you would like to schedule a no-obligation plan review.

Our Services include:

• Investment Selection
  • Creating your Investment Policy Statement (IPS)
  • What investment features your plan will offer
    • Asset class coverage
    • Qualified Default Investment Alternative (QDIA) ERISA 404(C)(5)
  • How to create an overall portfolio and select individual options
  • Ongoing monitoring process using critical data to analyze investment options
  • Enrollment Support and Ongoing Education for Participants
  • Enrollment Meetings
  • Educational Seminars
• Investment Monitoring
  • (ERISA 404(a)(1)(B)) prudent process requirement
  • Review current investment alternatives
  • Suggest changes to investment alternatives
• Plan Monitoring
  • Service Provider Benchmarking
  • Regulatory Updates
  • Review results of enrollment meetings
  • Review Plan Operations
  • Annual Plan Review
• Ongoing Monitoring
  • Insurance Policies and Bonds
  • Employee Communication and Education
  • Document your 'due diligence' by creating a checklist to monitor the plan
  • Work with Plan Administrator to ensure proper notification of plan provisions to participants
  • Participant interaction and usage of plan
  • Conduct plan fiduciary meetings
  • Assisting participants with fund selection and financial planning if requested by participant