- Service Provider Liaison: I assist the plan by acting as a liaison between the plan and service providers, product sponsors and/or vendors.
- Education Services to Plan Committee: I provide education, training, and/or guidance for the members of the Plan Committee with regard to plan features, retirement readiness matters, or duties and responsibilities of the Committee, including education with respect to fiduciary responsibilities.
- Participant Enrollment: I assist my clients in enrolling plan participants in the plan, including conducting an agreed upon number of enrollment meetings. As part of such meetings, I provide participants with information about the plan, which may include information on the benefits of plan participation; the benefits of increasing plan contributions; the impact of preretirement withdraws on retirement income; the terms of the plan; and the operation of the plan.
- Participant Education: I assist with participant education, which may include preparation of education materials and/or conducting investment education seminars and meetings for plan participants. Such meetings may be on a group or individual basis, and may include information about the investment options under the plan (e.g., investment objectives, risk/return characteristics, and historical performance), investment concepts (e.g. diversification, asset classes, and risk and return), and how to determine investment time horizons and assess risk tolerance. Such meetings do not include specific investment advice about investment options under the plan as being appropriate for a particular participant but may include use of educational investment models.
- Plan Search Support/Vendor Analysis: I assist in the preparation, distribution, and evaluation of Request for Proposals, finalist interviews, and conversion support.
- Benchmarking Services: I provide my clients with comparisons of plan data (e.g. regarding fees and services and participant enrollment contributions) to data from the plan’s prior years and/or a benchmark group of similar plans.
- Assistance Identifying Plan Fees: I assist my clients in identifying the fees and other costs borne by the Plan for—as specified by my clients—investment management, recordkeeping, participant education, participant communication and/or other services provided with respect to the plan.
Investment Advisory Services
