Broker Check

Retirement Plan Implementation

Investment Information

Are you meeting your fiduciary responsibilities? Do your plan’s investment options accommodate today’s increasingly market-savvy investors and their long-term financial goals, while adhering to the newest regulations by the government? Selecting the right investment options for your plan requires more than meets the eye. While regulations do not allow us to select the funds that are in your plan, we can provide recommendations on plan investment design, asset allocation models and other options within the plan.

  • Work with you to analyze current participant behavior
  • Analyze the options available through your plan provider to help ensure that there is adequate representation of investment categories for your participants
  • Within each category, examine investment styles of funds to help ensure diversification of styles
  • Support your efforts in making a final selection of the funds to be included in the plan
  • Provide information in evaluating investment offerings as needed

Implementation Advocacy

Does a plan conversion create anxiety for you and your participants? In conjunction with plan administrators and service providers, we can proactively communicate activities, policies and procedures that compose the building blocks of a successful conversion and implementation. We can work with service providers to help ensure that you are informed throughout the process. You can expect advocacy and assistance during plan document review meetings, implementation planning, and conversion.

Development of an Employee Communication Plan

Do you have an effective and executable plan to educate your employees on the benefits and features of your plan? Having a communication plan helps plan sponsors document ongoing participant communication efforts. In addition, implementing a well-constructed communication plan may often help to meet some 404(c) requirements. We can work with the appropriate representatives of your company to help develop a customized communication plan. The result will be a participant education plan that addresses your employees’ need for understanding investing and their retirement plan. Your communication plan will outline an approach for your organization to address various goals, whether they include:

  • Helping employees understand the benefits of their retirement plan
  • Implementing a monthly newsletter for participants
  • Suggesting options to maximize participation
  • Providing information to help increase deferrals
  • Helping to explore appropriate asset allocation
  • Offering ongoing education about retirement planning

Coordinating/Conducting Enrollment Meetings

Because employee education is key to a successful retirement plan, your organization needs an effective education program that is powerful enough to help participants achieve their retirement plan goals. We are dedicated to raising employee awareness about your company’s retirement plan benefits and will work with you to encourage your participant education needs and to help develop the best approach to meet those needs. We will coordinate and conduct enrollment meetings as well as obtain your service providers’ assistance to help deliver enrollment meetings, if appropriate.

Documentation of an Investment Policy Statement

Does your plan have a formal investment policy statement? This is generally a written statement that provides the fiduciaries, who are responsible for plan investments, with guidelines or general instructions concerning various types or categories of investment management decisions. According to a recent poll, 44% of respondents do not have a formal investment policy (Source: BARRA RogersCasey/IOMA Annual DC Survey, 1999). You might even have an investment policy and not realize it. According to Julie Jason, JD, LLM, managing director of Jackson, Grant Investment Advisers Inc., “the instant that you set up a 401(k) plan and choose investment options, de facto, you have initiated the setting of investment policy for your plan. Whether you formalize the policy in writing or not, you are accountable for your actions as a fiduciary” (Source: Profit Sharing (March-April 2000) pg. 9).

A formal investment policy statement can be used to not only develop and document your plan’s investment selection and review criteria but also contribute to the success of your communication plan. According to a recent poll, plans with an “excellent” (74%) or “good” (60%) communications program are more likely to have a formal investment policy than plans with an “adequate” (48%) or “poor” (45%) communications program (Source: BARRA RogersCasey/IOMA Annual DC Survey, 1999). At no additional cost, we can work closely with you to help document a formal investment policy statement based on the decisions you make for your plan.