Retirement Plan Sponsors

Large corporation with a national workforce

The Challenge

Organization needed an Investment Policy Statement, formal investment committee, or active engagement campaign for employees. Had limited investment options weren’t cost-effective, company plan participants had inappropriate investment allocations based on investment objectives, and Roth contributions were not offered as part of the 401(k) plan. In addition, the recordkeeping platform was outdated.

Our Strategy

  • Benchmark existing plan against competitors to assess cost, technology offering and investment options.
  • Establishing an Investment Policy Statement, developing a formal investment committee, and engaging with employees to evaluate financial goals.
  • Implement an employee education program which includes one-on-one meetings and on-site visits.
  • Select a new, full-service plan administrator that offers Roth contributions to 401(k) plans, broad and cost-effective investment options, an innovative technology platform, and fee transparency.

Targeted Result

  • Help reduce overall plan costs and improve investment options.
  • Add active as well as passive investment options.
  • Form an Investment Committee and develop an Investment Policy Statement.
  • Automate processes to help save Human Resource Managers time and resources.
  • Reduce administrative burdens and plan costs.

This case study is hypothetical and for discussion purposes only. It is not intended to represent any specific return, yield, or investment. Individual experiences reference above may not reflect the future experience of any client. The planning process discussed may not be suitable for your personal situation, even if it is similar to the example presented. Past performance is no guarantee of future results. Investing involves risk including the possible loss of principal.