Our Process

Our process is based on four actions that never vary: evaluate, decide, document and monitor. We repeat this process for each of these five key areas of plan management. Whenever significant changes take place with the plan, we repeat the same four-action consulting process.

Institutional Consulting Process

Monitor | Documeent | Decide | Evaluate

 

+Plan Design

We help you:

Evaluate and identify the purpose of the retirement plan with a view toward demographics and organizational structure

Decide upon a retirement plan design that fits with your objectives and culture

Document design requirements and compile all plan documents in a fiduciary audit file

Monitor participant behavior and regulatory changes on an ongoing basis against the plan's objectives, refining as necessary

+Governance

We help you:

Evaluate, research and identify the nature of fiduciary, investment and other risks across the plan and how to manage them

Decide upon committees, policies and criteria that will serve as a framework for mitigating potential plan risks, including written investment and education policy statements

Document risk management activities and plan sponsor decisions by compiling and maintaining a fiduciary audit file

Monitor governance initiatives, 404(c) compliance and regulatory changes on an ongoing basis

+Service Providers

We help you:

Evaluate, research and identify service providers that offer platforms that can support plan design and governance constraints

Decide upon service providers that will offer platforms and services for recordkeeping and administering the unique aspects of the plan

Document service agreements, platform features and plan sponsor decisions in a fiduciary audit file

Monitor provider costs and levels of customer service, benchmark fees, manage RFP process and ensure smooth plan operations

+Investments

We help you:

Evaluate, research and identify investments/strategies based on quantitative and qualitative criteria and other constraints

Decide upon an investment menu that conforms to evaluation criteria and other constraints

Document investment manager research, portfolio construction methodologies, due-diligence data and plan sponsor decisions in a fiduciary audit file

Monitor performance, management, fees, and undertake other ongoing due diligence

+Education

We help you:

Evaluate, research and identify requirements for effective employee communication and education

Decide upon policies to attempt to boost enrollment and participation, as well as retirement planning resources and advice to be made available to participants

Document ongoing educational activities and employee communication initiatives in a fiduciary audit file

Monitor participant behavior and the success of education initiatives, refining policies and plan design as necessary

+Documentation

Documentation is a very important part of the process and is something that plan sponsors highly value. We help you perform the following documentation tasks at each phase – plan design, governance, service providers, investments and education.

Plan Design

Document design requirements and compile all plan documents in a fiduciary audit file

Governance

Document risk management activities and plan sponsor decisions by compiling and maintaining a fiduciary audit file

Service Providers

Document service agreements, platform features and plan sponsor decisions in a fiduciary audit file

Investments

Document investment manager research, portfolio construction methodologies, due-diligence data and plan sponsor decisions in a fiduciary audit file

Education

Document ongoing educational activities and employee communication initiatives in a fiduciary audit file