RETIREMENT
Now more than ever plan sponsors and participants are looking for guidance in several key areas: investments, expenses, allocation assistance, plan design and overall services offered to the plan sponsors and participants.
The Retirement Services division of Flynn Benefits Group currently provides advisory and fiduciary services for qualified retirement plans with a client base of over 5,000 participants and plan assets in excess of $500 million. We work with clients in the design of 401(k) plans and maximizing the benefits for employers and employees. While we recognize the importance of appropriately designed, employee-oriented 401(k) plans, we fully understand that our key role is that of employer advocate.
Our goal as an independent advisor is to provide advisory services that mirror those of the plan fiduciary and participants. Associates of the Retirement Services team possess the AIF® designation. Holders of this designation have successfully completed a specialized program on investment fiduciary standards of care and subsequently passed a comprehensive examination. Under certain condiions our associates act as a plan co-fiduciary and may sign a contract accepting fiduciary status with the plan sponsor’s 401(k) investment committee.
We pride ourselves on being an organization that fully discloses all fees and compensation associated with the plan and our services. Offering very competitive pricing and capping our fees on a retirement plan as the plan assets and number of participants continue to increase, is one example of how we dedicate ourselves to acting in the best interest of our clients.
As an independent advisor, our retirement plan consulting services include:
- Provider Fee Review / Benchmarking and Pricing Renegotiation
- 401(k) Plan Design Analysis
- Participation, Investment Allocation and Education Review
- Investment Policy Statement (IPS) and Fiduciary Review
- Provider Contract Review
- Vendor Analysis and Selection, if necessary
Without a consistent investment due diligence process, fiduciaries may be held personally liable for poor investment performance in a participant-directed retirement plan. Our firm helps navigate fiduciary responsibility through systematic, quantitative and qualitative investment analysis involving detailed reports utilizing industry standard analytical measurements. Our due diligence process goes far beyond the Morningstar 5-star ratings and instead focuses on a systematic approach of fund selection, monitoring, and ongoing documentation and review.
- Investment Policy Statement (IPS)
- Investment Analysis and Review
- Scorecard Fund Ranking
- Detailed Quarterly Investment Monitor
- Quarterly and Annual Fee Monitor
- Ongoing Monitor of Participant Level Performance