RETIREMENT PLAN SERVICES

Transcription

1 RETIREMENT PLAN SERVICES

2 We are independent, fee-based fiduciary advisors. Our compensation and advice are not based on a product sale. We do not sell products, we provide solutions. We are employed by the plan to provide services to plan participants, the trustee, and the plan sponsor. Our process ensures a non-biased solution and we work for the best interest of your plan participants. We are fully licensed in both insurance and securities, which allows us to provide you with a full range of customized and cost-efficient solutions. WE HOLD THE FOLLOWING CREDENTIALS AND LICENSES ACCREDITED INVESTMENT FIDUCIARY - AIF CERTIFICATED RETIREMENT PLAN SPECIALIST - CRPS PLAN RETIREMENT PROFESSIONAL - PRP CA STATE INSURANCE LICENSE SECURITIES LICENSE SERIES 6 SECURITIES LICENSE SERIES 7 SECURITIES LICENSE SERIES 63 LICENSED PRINCIPAL SERIES 24 SERVING EMPLOYERS SINCE 1989

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4 {Is your plan a benefit worth talking about?

5 A plan is nothing if not properly communicated to employees and used. Simply having a retirement plan does not mean you will retire with adequate financial reserves. Participants must be guided and properly instructed on how to fund and manage their retirement plan. Our goal is to help participants achieve successful outcomes by instructing them on plan funding and management as well as helping them set realistic goals.

6 Summary of Plan Services An objective evaluation of your company s retirement plan needs Targeted, flexible solutions Problem resolution Monthly plan monitoring Plan document compliance auditing Compliance oversight of all plan procedures Plan benchmarking services Plan design services Fiduciary and trustee meetings Investment monitoring and replacement of underperforming investments Quarterly fund monitoring New plan implementation services Enrollment services group and individual Ongoing education, services, and support Legislative updates

7 YOUR RETIREMENT PLAN To effectively deliver a retirement plan to your employees, you need to monitor investments, keep up with legislative changes, ensure your plan is administered properly, educate plan participants, and make sure the plan has the power to inspire employees to reach their retirement goals. Maintaining an appropriate retirement plan for your company can be a difficult task - especially considering everything else that goes into running a business. We can be a valuable ally and timesaving resource, helping you develop and maintain a solid strategy for your retirement plan. You will receive personalized attention and involvement at the level you need.

8 Has your plan kept pace with the needs {of your business?

9 PLAN EVALUATION AND IMPLEMENTATION Retirement Plan Needs Assessment We evaluate your existing plan including the provider, features, and investment options to ensure that your company is providing a valuable and competitive benefit for your employees. Thorough Vendor Search and Plan Selection Most advisors have a select list of providers they have elected to work with. We will scour the marketplace to find the right fit for your company and can work with virtually any provider in the marketplace. We will identify the service providers whose solutions match your company s needs and work closely with your company s various stakeholders to consider the different options and make the appropriate selection. Implementation Advocacy We are your advocate and provide assistance during plan document review meetings, implementation planning, and conversion. We will manage the entire conversion process for you so you don t have to. Employee Communications Plan We will customize a participant education plan that addresses your employees need for understanding investing and their retirement plan. We will help participants understand the benefits of their retirement plan and how to properly use it to achieve successful outcomes. Enrollment Meetings Coordination We will coordinate and conduct enrollment meetings to help raise employee awareness about your company s retirement plan benefits.

10 ONGOING AND ANNUAL SERVICES Investment Review and Replacement Plan sponsors have a hands-on fiduciary obligation to monitor investments and investment providers to determine their suitability for inclusion in the plan. Further, they should establish procedures for ongoing selection and monitoring of investment offerings. We analyze all investment options to help ensure there is adequate representation of investment categories for your participants. Monitoring of Fees and Vendor Services Sponsors are often uninformed about the true cost of their retirement plan, unknowingly accepting higher fees or being unaware of lower-cost options. Plan sponsors must educate themselves as there are consequences for failing to conduct periodic reviews of plan costs. Fiduciaries can be held liable for plan and participant losses if a court concludes that the plan paid unreasonable fees. We routinely monitor plan fees to make sure your plan costs are reasonable. This means you do not have to spend your time researching and benchmarking plan costs. Trustee and Fiduciary Compliance Meeting Trustees and fiduciaries are not only liable for their own actions, but also for the actions of others associated with the plan if they knowingly conceal a breach or do not attempt to remedy a problem. We routinely meet with the trustee and all fiduciaries to make sure the plan is being operated correctly. Legislative Updates We will keep you informed of all legislative updates and how new laws will impact your plan. In addition, we will conduct a full legislative impact assessment on your business with recommended tailored solutions and develop a compliance action plan and ensure implementation of changes aligns with your strategic goals. Investment Education and Seminars We provide the opportunity for your employees to sit down with a financial advisor who takes the time to understand the big picture. An overall financial planning consultation will allow participants to ask questions and receive education related to their specific personal financial plan. Monitoring of Communications Plan We will provide customized education to ensure your communication plan continues to meet the needs of your employees. We will effectively communicate your plan through web-based enrollment meetings. Online enrollment will be available through customized employer and employee websites, and all forms will be delivered as fillable PDFs and be available through document warehouse storage services. Re-enrollment Meetings During subsequent enrollment meetings, we will help increase employee awareness, suggest options for better outcomes, explain investment basics, and help participants explore appropriate asset allocation. Ongoing Support From initial transition to problem resolution, we can represent your interests as an advocate in interactions with plan providers and record keepers. We will provide continued support to make certain your plan s investment options meet the criteria in your investment policy statement and ensure your plan becomes a benefit worth talking about.

11 Do you have access to resources to help your employees with those difficult questions about the {best way to manage their retirement assets?

12 Jeffrey M. Justi, AIF, PRP, CRPS Founder Advanced Retirement Solutions 2107 North 1st Street, Suite 370 San Jose, CA (408) direct (408) cell (866) fax California Insurance License #