Approach Plan governance proactively

As a plan fiduciary, you have many responsibilities that can expose you to legal liability. Our job is to minimize your exposure to any legal recourse that can be easily prevented with a proactive approach. Under ERISA law, a fiduciary is required to act prudently and in the sole interest of the plan participant to diversify plan investments and to act in accordance with the plan documents.

At first glance, being a plan fiduciary may seem like a burden, but it’s one we aim to alleviate by serving as fiduciary through Kestra Advisory Services, LLC. In this capacity, we work side by side with plan sponsors to ensure fiduciary obligations are always met by implementing a highly disciplined process based on global fiduciary standards.

A study of 400 plans found that investment choices offered by 401(k) plans were inadequate in 62% of the plans studied. What does that mean, exactly? That 62% of the plans studied did not offer effective diversification across broad asset classes.

— 2016 401khelpcenter.com

Phase One: Developing a foundation

  • Identify or establish Investment Committee

  • Review all existing documents

  • Examine plan design

  • Draft Investment Policy Statement (IPS)

  • Document prudent processes

  • Draft Education Policy Statement

Phase Two: Plan Maintenance

With a coherent process and procedure in place, we assist plan sponsors with meeting their fiduciary obligations throughout the calendar year. Services covered under this phase are:
Annual fiduciary plan review
Annual 404(a) and 404(c) review
Quarterly investment reviews
Fiduciary education
Annual compliance test consulting
Regulatory updates and education

Comprehensive Retirement Plan Services

Plan Benchmarking

We help you understand how your retirement plan compares to industry standards and similar organizations. This analysis covers plan design, investment options, fees, participation rates and other key metrics to identify improvement opportunities.

Education Programs for Plan Sponsors and Participants

We develop customized education programs that help sponsors understand their responsibilities and participants make informed investment decisions.

Investment Due Diligence

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