4340 Redwood Highway
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. Global Retirement Partners’ advisors focus is to position plan sponsors to deliver high caliber products and services to their participants.
Global Retirement Partners’ 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.
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With more scrutiny placed on plan sponsors today to meet fiduciary obligations, Global Retirement Partners’ advisors provide educational resources and solutions aimed at helping mitigate employer liability, including the implementation of plan policies and procedures.
Fiduciary Functions Offered:
Global Retirement Partners’ 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).
How it works:
Global Retirement Partner’s goal is to help plan sponsors feel confident that their plan is not only diversified but also consistently and regularly monitored to meet the objectives of the IPS.
A retirement plan advisor can serve in either a 3(21) or 3(38) fiduciary capacity, and in some cases, both capacities. The needs and desires 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 a third party due to their lack of expertise. Global Retirement Partners’ advisors can help a plan sponsor make the appropriate choices for their plan.
No two plans are alike. Global Retirement Partners’ advisors take the time to understand a plan sponsor’s requirements before designing an unbiased retirement plan program that provides both great value to employees as well as alignment with the plan sponsor’s corporate goals and objectives.
Plan Design Functions Offered:
With growing scrutiny on plan sponsors over potential or perceived ERISA violations, Global Retirement Partners’ advisors provide plan sponsors with a variety of benchmarking options to help streamline the process of selecting and monitoring plan providers.
Taking into account the plan sponsors’ staff demographics and retirement plan goals and objectives, Global Retirement Partners’ advisors evaluate an employer’s current investment portfolio and plan provider and offers recommendations for improvements in cost, compliance, technology offerings, service and support.
Global Retirement Partners’ advisors then assists in the analysis and selection process of a provider that best fits the identified needs of the organization and its employees.
Finally, Global Retirement Partners’ advisors take a proactive approach to maintaining and enhancing provider services through an ongoing benchmarking process that measures participation levels and overall performance.
Worksite Financial Solutions is a comprehensive, beginning-to-end solution that helps employees pursue their lifelong financial goals. Unlike many other programs, Worksite Financial Solutions is based on delivering tailored workplace education, supported by qualified Global Retirement Partners’ member firms who are fully committed to providing holistic advice to each employee. Along with the customized guidance, employees can access a comprehensive suite of online tools delivering knowledge they can implement right away.