Lesson from the past have shown us that businesses have less time to focus on their retirement plan and want more time to focus on their core business. As a result, the fiduciary responsibilities often get left on the back-burner. We educate our clients on their responsibilities and our resources allow us to take many of those responsibilities off of their plate so that the retirement plan can operate in an efficient manner and the employer can fulfill their duties.
Processes and procedures must be established in order to show clear documentation on why and how plan related decisions were made. We implement and maintain those processes and document all decisions for our clients along the way.
Most of our clients do not show up to work every day to be investment gurus. We create a clear policy on how to benchmark the plan’s investments on a regular basis so our clients don’t have to. Our deep-dive investment analysis allows us to simplify the process and allows us to make educated, documented decisions in regard to monitoring and replacing investments within a retirement plan.
It is critical for plan fiduciaries to compare their current services and fees with other providers in the marketplace. Our firm provides a fee analysis on an annual basis and will provide a detailed benchmark no less than every 36 months.
Retirement plans are about one thing… allowing employees to save enough to have the means to replace their income during their retirement years. Are your employees on track to enjoy their golden years? Will they meet their needs? We analyze our client plans to determine how “healthy” the plan is and whether or not employees are on track to retire with dignity and a steady income. Most plans are not however with careful analysis we help create client specific plans to give participants a better chance of a successful retirement.
The retirement plan marketplace is constantly evolving, especially in the regulatory arena. Our knowledge, expertise, and connections allow us to stay on top of the changes and communicate and implement those changes to our clients.
Employees spend their working year accumulating savings in their 401k plans. Five to ten years prior to retirement, planning should begin to understanding of the distribution phase of retirement. The time during retirement where they will begin withdrawing money to pay for their living expenses. The retirement industry has done a poor job of educating participants in this phase and Etesian makes a point to create programming to help employees prepare themselves and their investment accounts in the critical years just prior to retiring.