Qualified Plan Services
We work with investment managers, taking on the responsibility for selecting the investments offered to participants. We also serve as a 3(21) fiduciary advisor, which makes us legally bound to place participants’ interests ahead of our own. By delegating the discretion for investment selection and monitoring, plan sponsors are no longer liable for the investments offered in the plan. While the typical 401(k) advisor makes recommendations, we take on the fiduciary responsibility for selecting the investments offered to participants.
The Employee Retirement Income Act (ERISA) applies to all individual fiduciaries that exercise discretionary control over qualified retirement plans. Many plan administrators, sponsors and trustees don’t realize that they are also personally liable for plan noncompliance. We understand this highly complex area and work with our clients to provide guidance and support to create the necessary processes and procedures essential to minimizing fiduciary risk and personal liability. We believe our investment approach provides you with the latest in advisor-managed portfolio strategies, access to institutional Investments, fiduciary liability protection, fee transparency, and effective participant education.
While the typical 401(k) plan provides an extensive menu of investment choices, most participants don’t want the responsibility of managing their own investments. Our solution returns the management of retirement assets to professional advisors. We construct diversified portfolios that range from aggressive to defensive. These strategies are managed at the participant level and rebalanced when necessary.
In partnership with Kassouf Retirement Plan Services, LLC, our third-party administrative affiliate, we offer a comprehensive solution for our clients. Kassouf Retirement Plan Services offers daily participant record keeping, plan administration, compliance testing, government reporting, and annual expense disclosures. This partnership provides the plan sponsor with fewer administrative burdens and a greater confidence in regulatory compliance by the plan sponsor.