For businesses sponsoring defined contribution or defined benefit employee retirement plans, we provide plan design, financial advisory services, and ongoing fiduciary consultation.
We offer our services as consultants on a fixed rate fee schedule and serve in a co-fiduciary role for ongoing plan management. Many plans in operation today have financial professionals who are brokers serving as sales representatives for a particular company. As a result, they cannot function as a co-fiduciary due to the conflict of interest in servicing the company they represent and the plan participants.
With ERISA lawsuits increasing at a rate of 25% per year, many employers are re-evaluating their fiduciary role and the service providers they use. As co-fiduciary, we help you fulfil your fiduciary obligations.
As an Accredited Investment Fiduciary, we establish and monitor adherence to a standard of excellence for investment stewards. We assist with the establishment and implementation of practices outlined in the “Prudent Practices for Investment Stewards” handbook. Our “Investment Committee Compliance Manual” is a resource designed to assist with this process.
As independent Registered Investment Advisors and CERTIFIED FINANCIAL PLANNER™ professionals, we take a consultative approach to plan design. After identifying the needs, goals, and demographics of a plan sponsor and their employees, we can create a plan that efficiently and effectively addresses them.
Plan Evaluation & Monitoring:
Once a plan design is determined, product and service providers are chosen to assist with the implementation process. This process requires a technical understanding of ERISA regulations, DOL guidelines, securities industry, and insurance. We provide guidance with the initial selection of products and services as well as ongoing monitoring to maintain compliance.
Investment selection & Monitoring:
After the selection of product and service providers, the available list of investments needs to be screened to assure compliance with the investment policy statement. Periodic monitoring is necessary to maintain compliance with the investment policy statement. We utilize FI360 software to assist with this process.
As CERTIFIED FINANCIAL PLANNER™ professionals and community college instructors, we offer comprehensive financial planning education through our local community college system. In addition, we provide plan-specific education, incorporating our years of experience helping individuals develop and implement financial plans.