Jamie Ann Hayes, QPFC, C(k)P, AIF(r)

Jamie Ann Hayes, QPFC, C(k)P, AIF(r), Partner and Consultant of FiduciaryFirst, specializes in Employer Retirement Plan Fiduciary Services and Corporate Pension Consulting.

What Does Your Investment Advisory Service Do for You?

What Does Your Investment Advisory Service Do for You?

Many businesses review their fiduciary processes in the first quarter. Are employees happy with the retirement investment options they’re offered? Are they getting the best return on their investment?

As part of that evaluation, many businesses consider their plan advisors. This is the perfect time to reevaluate and consider adding one to your team. Here are a few ways investment advisors can help your business.

Plan Design and Documentation

Choosing the right retirement plan can be challenging, even for a business with a full human resources department. For established companies, a plan advisor can sit down with the leadership team to review current benefits. And at new companies, advisors can provide counseling on initial decisions. In both scenarios, guidance from advisors can help increase success rates.

Investment Monitoring and Advice

There are regulations governing retirement plans, so part of your fiduciary process should be ensuring your plan meets those requirements. By partnering with a plan advisor, you could avoid costly fees and penalties, in addition to the embarrassment that comes from being found non compliant. Additionally, a plan advisor can provide education and training to your existing workforce, a valuable perk that helps attract and retain the best workers.

Vendor Management

Setting up a retirement savings plan means working with various vendors. However, unless you conduct thorough research, you may find that you pay more expensive fees than necessary. Even then, those fees can increase from one year to the next without warning. A plan advisor will stay on top of this, noting when you may be charged for something you don’t receive. The advisor is also well aware of market rates and will advise you if shifting to another vendor could bring substantial cost savings.

As a business, part of your fiduciary process should be to regularly review your employee benefits to help you determine the best value. An investment advisory service can not only help employees save for their future, but help your business get the best value available. Contact us online or at 866-625-4611 to get any of your questions answered.



FiduciaryFirst is a Maitland, Florida based company that provides independent retirement plan fiduciary support with a holistic approach. Our comprehensive Prudent Fiduciary ProcessSM (PFP) enables employer groups to address fiduciary standards. For more information about pension consulting call us at 866-625-4611 or contact us online.

Tracking Number: 1-703329

This information was developed as a general guide to educate plan sponsors, but is not intended as authoritative guidance or tax or legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation. In no way does advisor assure that, by using the information provided, plan sponsor will be in compliance with ERISA regulations.

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Maitland, FL 32751

Phone: 866-625-4611

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