Plan Sponsor Services Menu for Employer Retirement Plans

Our extensive offering  of consulting and advisory services, which are independent of the investment providers, provides objective information for your Investment Committee and plan fiduciaries. These services include, but are not limited to:

Plan-Level Investment Advisory Services:

  • Assist with review and modification, as needed, the Investment Policy Statement (IPS)
  • On-going plan-level advisory services and coordination with plan vendor
  • Quarterly Investment Performance reports and on-site committee meetings
  • Acknowledgement of Co-Fiduciary Services with respect to investment advice
  • Online “Fiduciary Briefcase” depository for plan documents and reports
  • Coordinate communications/advice strategy with plan sponsor and vendor

Fiduciary Practices Assessment:

  • Fiduciary Practices Assessment based on Prudent Practices for Investment Stewards (Copyright 2000-2009: Fiduciary 360) and Fiduciary Ethos (Copyright 2010: Strategic Ethos)
  • Incorporate unique perspectives and insights of former Department of Labor  Senior Investigators
  • Detailed recommendations and actions for implementation of “Best Practices” processes
  • Review and checkup process to maintain appropriate procedures

Annual Plan Benchmarking and Vendor Review – Non-RFP Process

  • A comprehensive report covering:
    • Plan fees, expenses, and revenue arrangements
    • Advisor, participant, sponsor and  vendor services
    • Plan design benchmarking against custom peer group
    • Participant retirement success measurement
  • Evaluate investment management and related services
  • Analyze, evaluate and negotiate fees.

RFP for Purposes of Benchmarking Plan Services, Fees and Competitiveness 

  • Undertake a comprehensive RFP process every 3-5 years to competitively evaluate and assess plan services, fees, and overall competitiveness
  • Create a framework for enhancing existing service offering
  • Thoroughly engage and understand enhancements and developments in 401(k) and NQDC service offerings
  • Create an ongoing documentary record of exercise of appropriate due diligence by analogic and the Committee

Securities and Retirement Plan Consulting Program advisory services offered through LPL Financial, a Registered Investment Advisor, member FINRA/SIPC. Other advisory services offered through Independent Financial Partners (IFP), a Registered Investment Advisor. Flautt Hare Davis LLC and IFP are separate entities from LPL Financial.

330 Mallory Station Rd. Suite A-2  Franklin, TN 37067 Phone: (615) 661-8828 Fax: (866) 661-6252 Email: jim.davis@fhdfinancial.com

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