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 For Plan Sponsors
Consulting and Benchmarking
Executive Level Account Manager
Vendor Search
For Plan Committee Members
Investment Policy Statement
Fund Monitoring
Fund Selection and De-Selection
Periodic Plan Vendor Comparison
For Plan Participants
Workshops
One-on-One Financial Coach
Surveys
We Offer a Broad Perspective.
If you haven't had an experienced, knowledgeable advisor walk you through a detailed review of your funds and plan, you may not be getting the most value from your plan. From fiduciary concerns to fees—to simply getting the best possible retirement program—we'll work to address all aspects of your plan.
As Plan Advisors, We Provide Corporate Retirement Plan Support.
- Unparalleled knowledge of all aspects of retirement plans
- Consulting and guidance for plan sponsors
- Investment fund monitoring—thorough yet easy to understand
- Support in the fund selection and de-selection process
- Comprehensive participant education strategies
- A scorecard to assess all elements of your plan at a glance—funds, fees and services
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Services Overview
- A proven method of provider selection. We'll work to find the right fit and save you money.
- Support for your fiduciaries with semiannual fund monitoring, complete with an at-a-glance scorecard of your plans funds and fees.
- Fee review and negotiation. We know how plans similar to yours are priced and how to achieve savings for your company and participants.
- Assistance for your staff. We act as your guide through implementation of a new vendor and plan changes.
- Targeted, effective employee communication. We'll evaluate the specific needs of your group, develop a customized solution, and help you implement an investor education campaign with real results.
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Investment and Plan Monitoring
Plan sponsors responsibility is to prudently select, monitor and deselect investment options in a retirement plan.
We help you with this important responsibility by providing state of the art investment evaluation reports and meetings with your investment committee. You will receive a suite of helpful decision making tools, including our Scorecard, which is an easy to understand, yet thorough review of your funds against the Investment Policy statement that we'll help you prepare.
Vendor Selection
We provide a review of all 401(k) vendors or actuarial service providers.
Our proprietary process helps you compare the options available in the retirement plan market. Our industry wide perspective gives you the opportunity to compare vendor's services, fees, funds and value-added services. As an independent firm, we have the experience and expertise to guide you through the whole process—including a comparison of your existing vendor—so that you can come up with the best possible fit for your employees. Our detailed reports and interview process is part of the documentation that will help support your decision regarding the plan.
Plan Fee Analysis
We can provide you with a detailed review of all of your plan related fees, and benchmark them. We can help negotiate lower overall fees or simply help you understand what your current arrangement is.
Plan Consulting
We have what you need including:
- Ideas for a better-perceived retirement plan
- Statistics to benchmark all aspects of your plan design
- The experience to help you resolve any plan problem
- Access to experts
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Our Client Manager identifies and addresses potential problems, handles day-to-day administration and acts as a support to your staff.
Participant Education
We conduct a survey of your group to identify specific needs of your population, and next we develop targeted strategy customized for your group.
We offer participants one of the top investor education programs available. Components of the program include:
- On-site participant seminar series. Our aim is to make the meetings meaningful, fun and useful
- Toll free counseling. Get the answers about how to set goals, what does "asset allocation" mean and general questions about retirement strategies
- One-on-one financial strategies. Detailed, specific solutions at the option of your participants
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Executive Retirement Plans
Our services include a review of how your current plans will replace a portion of your income and identify any income gaps that their plans may not fill. We’ll help you design a plan that’s affordable and effective in retaining and attracting the top talent your company needs.
Defined Benefit Services
Design Review As the needs of participants and employer change, it is beneficial to review plan provisions and design to maintain maximum employee benefit for minimum employer cost. We can review the plan and make recommendations for moderate changes to help reduce the Company's expenses.
Actuarial Review We can prepare a Request for Proposal (RFP) and send it to several actuarial firms of your choice. We will matrix the responses and present our findings to you. This can result in cost savings, even if the plan sponsor does not change actuarial firms.
Asset Allocation/Liability Study We can prepare financial models to project future liabilities and sample asset mixes that may achieve the goals of the plan. A well thought out asset allocation could make a difference in the amount the plan sponsor needs to contribute to the plan.
Benefits Adequacy When plans are not reviewed regularly, the adequacy of the actual benefit at retirement may not be appropriate for supplementing retirement income. This study takes into account social security, any pension plans, profit sharing plans, 401(k) plans and compares them to estimated final pay.
Communications Employee communication is key in making the benefit meaningful to the participant. We recommend that the results of our surveys and focus group be part of a multi-tiered communication campaign to educate employees. We will design a specific program geared to your participants' needs.
Call us at 215-860-4811 or e-mail us at trisha@resourcesforretirement.com to discuss any or all of these ideas.
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