Fiduciary Plan Governance

"WE ARE THE FIRST AND LAST ADVISORS YOU'LL EVER NEED"

Did you know plan sponsors are personally liable for plan negligence? Yes, that means that angry (unprepared employees) could personally sue you.

Many recent retirement plan lawsuits have claimed negligence of investment oversight, unreasonable fees, lack of fiduciary oversight, and much more. So, why are employees angry and suing their employers? Simply stated, they are mad. The retirement plan failed to do its job – prepare employees for retirement.

This is where we can help

We work with you to help establish prudent, documented fiduciary files that aim to reduce your liability exposure and work to build a great retirement savings structure.

PLAN CONSTRUCTION

Renovating retirement plans and building plan success

Examples of plan services may include:

Establish retirement plan and management committee
Draft Investment Policy Statement (IPS)
Quarterly meetings
Auto-enrollment
Auto-escalation
Qualified Default Investment Alterative (QDIA) Safe Harbor
Annual plan design review
Quarterly investment monitoring and analysis
Every 3 years: service provider evaluation
Known, discussed, and reasonable plan fees
We follow the 90-10-90 philosophy
- 90%+ Participation rate
- 10%+ Average employee deferral
- 90% Appropriate