Supporting the needs of corporate retirement plans
Supporting the needs of corporate retirement plans
The clients we serve are typically corporations with a $25 million-plus qualified plan who are looking for a single source to provide guidance to their investment committee.
Our institutional clients seek advisors who will consult on the plan, provide one-on-one participant education, and develop and run model portfolios. Engineering firms in particular seem to gravitate to our technical communication style and hands-on management approach, and as a result, we have several clients in this industry.
We help provide owners and plan sponsors the knowledge and expertise they need to understand and navigate the complex fiduciary landscape while evaluating the countless options and decisions that accompany running a retirement plan.
We're also committed to ensuring plan participants receive the guidance and education they need. Retirement is a universal concern, whether you work in the corporate world or the philanthropic or nonprofit arena. We believe our retail wealth management background is an asset to clients that retain us to communicate complex financial planning and investment concepts to their investment committees and employees.
We help our clients develop total retirement plan strategies such as:
- Defined Contribution Plans – 401(k), 403(b), 457
- Defined Benefit Plans – Traditional, Cash Balance, Hybrid
- Money Purchase & Profit Sharing Plans
- Non-Qualified Deferred Compensation Plans
- Specialty Plans for Executives & Key Employees
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Corporations that sponsor retirement plans for the benefit of their employees have a fiduciary responsibility to understand how fees and expenses are being assessed within their plan and to help ensure that they are reasonable.
Plan sponsors are often unaware of the many indirect fees that are frequently collected to offset plan expenses, such as 12b-1 and revenue sharing agreements. Furthermore, the majority of plan sponsors, in our experience, do not know that these expenses even exist or that they can be managed more effectively.
Indirect fees can expose plan sponsors to potential conflicts of interest and other fiduciary liabilities, which may be avoided by undertaking a comprehensive audit of their retirement plan expenses, benchmarking the results, and developing explicit cost assignment models and prudent investment policies.
We conduct fee audits for prospective clients on complimentary basis. Please contact Joshua H. Anderson, AIF® Financial Advisor to schedule a confidential appointment at 215- 497-7490 or via email josh.anderson@raymondjames.com.
