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Plan Sponsor
How do plan sponsors know if they
are meeting their fiduciary responsibilities?
• |
Are you aware of all
participant account fees, and have they been clearly
explained to participants? |
• |
Has your
advisor monitored fund performances compared to
appropriate benchmarks? |
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• |
Are your employees properly educated
on how to select investment allocations within their
retirement plan? |
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• |
Do your employees have either too
many or not enough options from which to select
to achieve effective diversification? |
There are thousands of mutual
funds and hundreds of retirement plan platforms. How
do plan sponsors know if their selections are based
upon a disciplined, long-term objective?
Focus Asset can offer retirement plan
services to help you meet your fiduciary
responsibility while providing a disciplined investment
strategy that can help employees meet their financial
goals in retirement. As advisors to retirement plans
we can:
• |
Provide an informed and
independent recommendation regarding which
retirement plan platform we believe best fits your
objectives |
• |
Recommend
prudent, structured, low cost investment options
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Design preallocated portfolios from
which participants can choose, to achieve effective
diversification |
| • |
Provide a written Investment Policy
Statement for the plan |
• |
Share in the fiduciary liability
by signing on to the plan as a co-fiduciary |
• |
Help you achieve 404(c) compliance
by holding employee enrollment meetings and annual
investment seminars |
• |
Monitor the plan and recommend any
changes that we believe are in the best interest
of the participants |
• |
Provide plan level reporting and
meet with you quarterly to review performance and
statistics |
• |
Provide a full fee disclosure and
explain all fees to participants during enrollment
meetings |
• |
Serve as a liaison between you and
your platform provider, to ensure questions
and concerns are addressed as quickly as possible |
Related links
• Information
on how your fiduciary liability can be minimized.
• Contact us for a no-cost,
detailed analysis of your current plan’s costs
and investment options to help you evaluate whether
a change to the plan would better serve participants.
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