The StrategicPoint Retirement Plan Advisor Service
Many defined contribution plan sponsors, participants and fiduciaries may have lost meaningful amounts of capital and peace of mind and are concerned if they have done everything possible to minimize losses and increase the odds of success going forward. This market turmoil comes on top of increased scrutiny of plan fiduciaries by government regulators and trial lawyers.
The StrategicPoint Retirement Plan Advisor Service is an impartial, rigorous and thorough review and analysis of the investments of participant-driven Defined Contribution plans: 401(k), 403(b) and other similar retirement plans.
The Service provides customized investment analysis and recommendations to better help Plan fiduciaries understand how volatile markets and poor portfolio performance may have impacted the mission of the Plan’s investments. As a Fiduciary, you will receive a working, written investment analysis which provides specific action steps you can take now to help reduce your liability as Fiduciary and potentially increase the odds of participants achieving their investment goals. StrategicPoint periodically reviews the Plan and monitors performance, provides analysis and recommends which Plan sub-accounts and Investment models to keep modify and/or eliminate.
The StrategicPoint Retirement Plan Advisor Service includes the following:
Plan & Portfolio Overview: Analysis of Mission Statement, Investment Policy Statement and Plan Investments to determine that these align in an appropriate and fiduciary manner
Sub-account & Investment Model Analysis & Recommendation
• Analysis of Plan’s sub-account lineup regarding investment choice
• Suggested sub-account changes (additions, trims, eliminations) with rationale
• Suggested Investment Model changes, including sub-account line-up and allocations
Periodic model portfolio recommendations delivered to employees
Weekly investment and market commentary
• Co-branded e-newsletter helps educate participants on important market & economic events
• can potentially help improve 401(k) plan performance
• will address current model allocation and changes (if any), economic outlook and analysis and one financial planning tip
To provide maximum flexibility for the Plan, Retirement Plan Advisor Service clients pay annually up to 1.50% of Plan assets under management payable quarterly in arrears.
Please note that unless the Plan document provides otherwise, Plan fiduciaries may decide to pay for these services by deducting such fees from the participant accounts.