Fiduciary Partners Retirement Group is a boutique retirement plan consulting firm comprised of industry professionals who provide proactive, unbiased and independent consulting services.
Our principal consultants build upon their diverse backgrounds (legal/regulatory, administrative, cost management, investment advisory) to share a common understanding of retirement plans. We emphasize a team approach, enabling our principals to integrate their efforts across areas of specialization to produce the best results for our clients. We pride ourselves on offering proactive, unbiased and independent advice on retirement plan advisory issues, including industry best practices and emerging trends.
Fiduciary Partners offers a wide array of services including:
Retirement Plan Cost and Revenue Distribution Analysis
Many plan sponsors, whether large or small, pay more than they should for retirement plan services. Even though plan sponsors have a fiduciary duty to understand the details of their retirement plan costs, retirement plan fee arrangements are so complex that many plan sponsors find it difficult to “peel the onion” and understand the full extent of the costs.
Our objective is to help plan sponsors understand and reduce retirement plan costs, which can make a substantial difference in the retirement benefits a participant receives. Our analysis determines:
- How much the plan sponsor/employees pay
- Who gets paid what and for what service (i.e., revenue sharing)
- Reasonableness of costs/benchmarking against industry best practices
Upon completion of the analysis, Fiduciary Partners negotiates and implements the cost reductions that have been identified. The analysis is often performed on a contingent basis, meaning that if no cost reductions are realized, Fiduciary Partners receives no fee.
Comprehensive Retirement Plan Consulting
We serve as a proactive, independent resource for comprehensive retirement plan consulting using a team approach to integrate the multidisciplinary expertise of our principals.
Our comprehensive services include:
- Proactive regulatory consulting and fiduciary compliance consulting
- Ongoing evaluation of cost reduction opportunities for the plan and plan sponsor
- Vendor coordination; vendor searches and evaluation upon request
- Assistance with the design and evaluation of employee education campaigns
- Fiduciary and operational compliance assessments
Investment Advisory Services
Investment advisory services are provided by Fiduciary Partners Investment Consulting, LLC, an affiliated investment adviser registered with the SEC. Advisory services are designed to assist a plan sponsor with its fiduciary obligation to select and continually monitor/assess retirement plan investments. We acknowledge our fiduciary responsibility and status in providing this service. Investment advisory services may be provided in conjunction with our comprehensive retirement plan consulting services or as a stand-alone service. Investment advisory services include:
- Fiduciary compliance and plan governance consulting (ERISA or other applicable law)
- Assistance with the creation of an investment policy statement
- Coordination of investment committee and/or trustee meetings
- Preparation and analysis of independent investment reports utilizing institutional quality analytical tools
- Ongoing review and benchmarking of fees and services
- Implementation of fiduciary best practices
Executive Compensation Design, Analysis and Implementation
We assist our clients in the design, implementation and analysis of executive compensation arrangements. As with our other services, we believe that the provision of independent advice is essential to protecting the plan sponsor who establishes an executive compensation arrangement, the board members who approve the arrangement and the employees who participate in the arrangement.
