Roles & Responsibilities- Retirement Plan Consultant

FIDUCIARY CONSULTANT

• Offer Fiduciary services to Plans.
• Assess and help mitigate risk, create a clear understanding of Trustee Fiduciary obligations and requirements.
• Perform regular plan reviews.

DUE DILIGENCE PROVIDER

• Evaluate Plan provider products and services relative to the your organization's needs.
• Provide selection services and state of the art Benchmarking services, together with plan transition services.

PLAN PERFORMANCE EVALUATOR

• Monitor, Evaluate and Report on Plan Performance.
• Help assess employee education, investment and recordkeeping status, options and costs.
• Conduct regular meetins as appropriate.
• Monitor Plan Design options, offer alternatives to address changing needs or goals.
• Assess Plan participation, contribution and education levels, develop strategies to improve each.

NEEDS ASSESSOR

• Help you determine if a Retirement Plan will serve you and your company.
• Analyze plan design options that will be most effective for meeting your goals.
• Help you keep your plan design up to date so you may receive maximum benefit.
• Evaluate options, and make recommendations for your review.

INVESTMENT ANALYST

• Help you develop an Investment Policy Statement that is appropriate for your plan and participants.
  
• Help you select diverse, high quality investment options that offer opportunity with sensitivity to desired risk.
• Monitor and report on the success of options, recommend new or replacement options as indicated by regular reviews.
  
• Assess and monitor overall plan investment health and develop recommendations for adjustments as appropriate.

PARTICIPANT COUNSELOR

• Provide interactive educational meetings for employees
• Provide Participant Investment Advice-Planning, one-on-one (if elected at additional cost)
• Maintain regular office hours, available for email/telephone support
• Assess employee sentiment about plan as needed.