Your employees are essentially putting their future in your hands when they invest in an employer-sponsored retirement plan. As valued members of your company, it is a benefit you should be proud to be able to offer them. At the same time, it is a hefty responsibility that falls on your shoulders. You want to ensure the financial confidence that they have been counting on in retirement, while at the same time, making sure that the retirement benefit is being offered in a prudent and compliant fashion, as is required by law.
He discovered that too many financial advisors specializing in individual asset management were dabbling in retirement planning without taking a truly consultative approach and they were not offering any valued service for the employees or the plan. For many of them it was a situation of setting up the plan and moving on to the next one while hoping they never called for anything.
- Investment selection guidance and due diligence
- Plan design consulting and compliance
Many companies doing 401(k) Plans and retirement plans are very cookie cutter and are used to setting up the same plan over and over for every company. A properly structured plan is developed by asking questions about the goals and objectives of the plan for the employer and employees and then showing the different options that can be developed based on their needs. In some cases it can become obvious that a standard 401(k) is not needed and a different type of retirement plan may be best suited and more cost effective.
- Strategic employee education (including non-sales driven investment advice)
PFG Retirement, Pension & Investment Services will provide a more personalized approach – providing you with the education and tools that are necessary in order to be a prudent plan sponsor and fiduciary. I aim to help you develop a plan philosophy to ensure the retirement benefit is one that can be appreciated by your employees by delivering the outcomes they desire.
Consulting Services
- Promote plan efficiency and compliance
- Analyze total plan costs and quality of services
- Develop education and communication strategies
Ensure the scope of services meets your plan’s individual needs through Request for Proposal (RFP) and Benchmarking services
Design communication and education campaigns to provide plan participants with the knowledge needed to put them on a path towards a secure retirement and beyond.