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40% of U.S. workers have saved
less than $25,000 for retirement.*

*2019 Retirement
Confidence Survey, EBRI

Only 42% of Americans know how
much money to save for retirement.*

*2019 Retirement Confidence Survey, EBRI

43% of retirees left
the workforce earlier
than planned.*

*2019 Retirement
Confidence Survey, EBRI

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