YOU ARE A FIDUCIARY… There it’s said and we can move on… To What??

 Plan-Level 3(21) Investment Fiduciary Services

  • Investment Policy Statement
  • Designated Investment Alternatives
  • Qualified Default Investment Alternative
CCRS will review with Sponsor the investment objectives, risk tolerance and goals of the Plan. If the Plan does not have an IPS, CCRS will provide recommendations to Sponsor to assist with establishing an IPS. If the Plan has an existing IPS, CCRS will review it for consistency with the Plan’s objectives. If the IPS does not represent the objectives of the Plan, CCRS will recommend to Sponsor revisions to align the IPS with the Plan’s objectives 
Based on the Plan’s IPS, CCRS will review the investment options available to the Plan and will make recommendations to assist Sponsor with selecting DIAs to be offered to Plan participants. Once Sponsor selects the DIAs, Advisor will, on a periodic basis and/or upon reasonable request, provide reports and information to assist Sponsor with monitoring the DIAs. If the IPS criteria require a DIA to be removed, CCRS will provide recommendations to assist Sponsor with replacing the DIA.
Based on the Plan’s IPS or other guidelines established by the Plan,CCRS will review the investment options available to the Plan and will make recommendations to assist Sponsor with selecting the Plan’s QDIA(s). Once Sponsor selects the Plan’s QDIA(s), Advisor will provide reports and information, on a periodic basis and/or upon reasonable request, to assist Sponsor in monitoring the QDIA(s). If the IPS criteria require a QDIA to be replaced, CCRS will provide recommendations to assist Sponsor with evaluating replacement QDIA(s).

RETIREMENT PLAN CONSULTING SERVICES

Administrative Support

check boxAssist plan sponsor in reviewing objectives and options available through the plan

check boxReview plan committee structure and administrative policies/procedures

check boxRecommend participant education and communication policies under ERISA 404(c)

check boxAssist with development/maintenance of fiduciary audit file and document retention policies

check boxDeliver fiduciary training and/or education periodically or upon reasonable request

check boxCoordinate and reconcile participant disclosures under 404(a)(5)

check boxDevelop requirements for responding to participant requests

 

Oversight of Relationship with Service Provider

check boxAssist fiduciaries with a process to select, monitor and replace service providers

check boxAssist fiduciaries with review of Covered Service Providers (“CSP”) disclosures under ERISA 408(b)(2) and fee benchmarking

check boxProvide reports and/or information designed to assist fiduciaries with monitoring CSPs

check boxReview ERISA Spending Accounts or Plan Expense Recapture Accounts

check box Assist with preparation and review of Requests for Proposals and/or Information

check boxCoordinate and assist with CSP replacement and conversion

 

Investment Monitoring & Reporting

check boxPeriodic review of investment policy in the context of plan objectives

check boxAssist the plan committee with monitoring investment performance

check box Provide analysis of investment managers and model portfolios

check boxReview and recommend Designated Investment Managers and/or third-party advice providers as necessary

check box Educate plan committee members, as needed, regarding replacement of DIA(s) and/or QDIA(s)

 

Participant Services

check boxFacilitate group enrollment meetings

check boxCoordinate employee education regarding plan investments and fees

check boxAssist plan participants in understanding plan benefits, retirement readiness and impact of increasing deferrals