Defined Contribution Consulting Services
Why Choose A Consultant For A Defined Contribution Plan?
Investment Counsel Services
Plan Sponsor Consulting Services
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Why Choose A Consultant For A Defined Contribution Plan?
A Consultant is responsible for guiding the Plan Sponsor Committee through a disciplined investment process to assist the Committee in meeting their fiduciary responsibilities
Consultant Guidance
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Creation and review of Investment Policy Statement
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Selecting appropriate asset classes that enables participants to construct diversified portfolios
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Due diligence in search for consistently performing investment options within asset classes
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Educating participants (e.g. education materials, seminars, etc.) enables informed decisions
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Provide Plan Sponsor with fiduciary education that includes updates on changes in legislation, rules and regulations that impact operating and reporting requirements of plan
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Evaluation of effectiveness of plan (e.g. aggregate participant activity - participation level, allocation of assets, default investment, etc.)
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Assist in vendor search (when necessary)
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Guidance Impacts
Impact 1
Participants diversified in consistently outperforming funds drive increase in plan assets and participant account balances
Impact 2
Increase in plan assets and average participant account balance positively impacts pricing and services of the plan provider, via lower cost share classes or rebate of revenue on increased plan assets, which enables provision of a valuable benefit at a reasonable cost
Impact 3
This documented process assists Plan Sponsor Committees in meeting fiduciary responsibilities while helping participants to secure their future retirement
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