Services

ERISA’s rules are very clear: Every decision you make as a fiduciary must be in the best interests of plan participants and their beneficiaries.

As a fiduciary to your company’s corporate retirement plan, you are charged with making sure the plan is following a prudent procedural process that is well-documented. We guide our clients through an extensive Fiduciary Plan Review process designed with the goal to minimize fiduciary risk. We provide necessary documentation and tools to help plan fiduciaries ensure they are acting prudently.

Advizrs utilizes the Fiduciary Fitness Program™, which is an independent compliance tool designed to measure the health of a retirement plan.  The program provides resources which are employed to identify potential weaknesses in your plan and remedy weaknesses through education, diligence and process.

The all-encompassing deliverable of the Fiduciary Plan Review™ provides education, documentation and plan metrics that strive to meet fiduciary responsibilities and improve operational efficiency.

The Department of Labor requires plan sponsors to take an active role in determining whether retirement plan expenses, features and services of a plan are reasonable and competitive in the marketplace.

As a full disclosure organization, we embrace this regulation, and work closely with our clients to shoulder much of this responsibility by providing a thorough market analysis. We hep you identify retirement plan providers who deliver the highest quality products and services at the most competitive total cost, keeping your unique circumstances in mind. Within the framework of our analysis we will present a balanced analysis of the different plan provider components including: recordkeeping, technology, compliance, investment management, communications and costs. This process allows us to help you identify core strengths and weaknesses of each prospective bidder.

The results are documented in our B3 Provider Analysis™ report and will provide fiduciaries with meaningful fee, service and investment benchmarks.

Defined contribution plans  play an increasingly important role in the future of retirement. For many participants, these plans will be their primary source of retirement income. Plan sponsors shoulder a huge responsibility to keep employees informed.

We believe the key to long-term financial planning is education and committing to a process of investing. We work with plan sponsors to institute a customized education and enrollment strategy to fit their organization and employee demographics. Our consultants will provide periodic on-site group enrollment and education meetings for employees at all levels.

Our meetings are structured to provide plan participants with a framework on how to save for retirement, including understanding how to set a retirement goal and establishing a process to meet that goal.  We monitor, through the use of tools and resources, the effectiveness of the retirement plan benefit and if the participants are on track.