401k Retirement Solutions
We offer several solutions for 401k plans.You can select a single project from our menu of services or utilize our complete service package. We will tailor a solution to best meet your objectives in establishing and maintaining a successful Retirement Plan.
Our retirement plan team consists of dedicated profesionals who are solely focused on helping us in many ways to ensure that you have the very best advocate in your corner. Portfolio Solutions Investment Selection & Monitoring Investment Policy Statement
Development of Investment Policy Statement (IPS) to include:
- Overview, Purpose and Objectives
- Oversight Responsibilities & Responsible Parties
- Investment Objectives
- Plan Investment Styles
- Selection Standards and Criteria
- Monitoring Standards and Criteria
Investment Selection
Investment Selection Process for newly established / converted plans:
- Review of asset classes covered
- Investment Manager Search based on vendor universe of funds
- Screening and selection based on established standards and criteria
- Documentation of decision process
- Assistance with implementation of selected funds
Investment Monitoring
Integrated process to monitor funds based on established monitoring standards and criteria:
- Comprehensive quarterly monitoring reports evaluating each investment option against the monitoring standards and criteria
- Further review of specific funds failing to meet standards and criteria as listed in status report
- Process for determining fund replacement
- Documentation of monitoring and decision process
Product Proposal Solutions We work with the most advanced and flexible retirement plan platforms in the industry; including but not limited to:Transamerica, John Hancock, The Hartford, Paychex, ADP and more. These companies provide us with the ability to assemble a diverse "best of breed" line up for your 401k. Complete Product Provider Search
- Determine plan objectives.
- Proposal procurement from high quality providers.
- Evaluate Proposals based on agreed criteria.
- Transparent Fee Disclosure.
- Identify providers who best match your objective.
- Finalist presentations by leading candidates.
General Market Assessment
Periodic market assessment to gauge continued competitiveness and quality of current vendor.
- Recommended every three years
- Comparison of fees, services, features, financial stability
- Negotiation of Fees if applicable
- Determination of pursuit of alternative vendor if warranted
Participant Communication Solutions
Participant Education and Enrollment Services
Education and enrollment meetings
Total employee communication process
- Development of Employee Communications Strategy
- Participant education & enrollment meetings covering:
- Benefits of 401k savings
- Features of specific plan
- Impact of various savings level scenarios
- Concepts of asset allocation and diversification
- Distribution options upon termination / retirement
- Enrollment procedures
- Account access / transfer information
Ongoing Service Solutions Plan Consulting Annual Plan Review
Annual review of all aspects of the plan
- Participation and contribution breakdown
- Asset allocation / fund breakdown
- Fund / performance overview
- Plan Testing
- Expense Analysis
- Fiduciary review
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