Retirement Plan Services
Rising complexity in plan design, multiple layers of fees and proliferation of investment options—not to mention increasing compliance costs and regulatory oversight—can create confusion for plan sponsors. GRP advisors' focus is to position plan sponsors to deliver high caliber products and services to their participants.
GRP advisors offer a comprehensive suite of services for employers. These services are delivered by knowledgeable advisors nationwide to aid employers in making the best choices for their employees. To learn more, choose from one of the options below.
Fiduciary Support & Education
With more scrutiny placed on plan sponsors today to meet fiduciary obligations, GRP advisors provide educational resources and solutions aimed at helping mitigate employer liability, including the implementation of plan policies and procedures.
Investment Due Diligence
GRP advisors work with retirement plan sponsors to assist in the development and maintenance of investment due diligence strategies, procedures and supporting documentation including the sponsor investment policy statement (IPS).
3(21) or 3(38) Co-fiduciary
A retirement plan advisor can serve in either a 3(21) or 3(38) fiduciary capacity, and in some cases, both capacities. The goals of the plan sponsor dictate the specific arrangements, which are typically based on risk mitigation versus risk avoidance. Some plan sponsors want assistance with their fiduciary responsibilities but want to maintain discretion and control of their plan’s investment menus. Others want to shift the fiduciary responsibilities to an experienced third party. GRP advisors can assist a plan sponsor in determining the appropriate choices for their plan.
Plan Design Consultation
No two plans are alike. GRP advisors take the time to understand a plan sponsor’s requirements before assisting them with the design of a retirement plan program that seeks to provide both great value to employees as well as alignment with the plan sponsor’s corporate goals and objectives.
Provider Analysis & Benchmarking
With growing scrutiny on plan sponsors over potential or perceived ERISA violations, GRP advisors provide plan sponsors with a variety of benchmarking options to help streamline the process of selecting and monitoring plan providers.
Support for Every Plan Type
Introduce or manage a broad range of plans with confidence.
