Retirement
Acting as a trustee or representing the interests of qualified plan participants
carries significant fiduciary responsibility. With such responsibility, comes liability.
Therefore, understanding your responsibilities and being able to effectively manage
these responsibilities is essential to properly controlling liability. Fortunately,
there is a place to turn and partner to turn to for sound advice and experienced
guidance.
The Lockton Advantage
When it comes to retirement plan consulting, experience and expertise are key qualities.
The Lockton retirement services team has both. Our years of experience in designing,
implementing and servicing qualified plans put us in a position to provide
solutions. Our ability to partner together with you to design, implement and service
a suitable plan through a comprehensive and innovative approach is what sets us
apart.
Managing Fiduciary Responsibility
Lockton Investment Advisors, LLC, an SEC registered investment advisor, provides
an objective partnering approach to managing fiduciary responsibility. Together,
through our comprehensive consulting services, we will walk together with you through
the complex demands of retirement plans, from inception to on-going maintenance.
Vendor Analysis & Selection
We begin by reviewing your Investment Policy Statement and plan documents. We will
then assess your current plan’s performance and compliance. If necessary, we will
conduct and lead you through an RFP process to select the vendor that best meets
your objectives. Further, we will assist with vendor fee and service negotiations.
Investment Selection
If you don’t already have a working Investment Policy Statement, we will help you
create one or update your existing policy. With that as a guide, we will analyze
various investment options to help you make prudent investment choices. Further,
we will benchmark the investment options against corresponding industry and peer
standards.
Fiduciary & Compliance Consulting
Through our advisory services offered through Lockton Investment Advisors, retirement
specialists stay abreast of the legislative and compliance issues that can affect
your plan. We regularly review your plan and make recommendations regarding guidelines
imposed by legislation, such as ERISA, The Pension Protection Act, etc. This includes
any guidelines issued by the Department of Labor or the IRS.
Communication Service
We can assist you in educating employees about their retirement plan, including
reviewing employee communication materials, coordinating enrollment and developing
custom communications.
Ongoing Support
We continue to act as a partner with you in the maintenance of the plan. We act
as a liaison between you, the plan provider, and other key professionals. We can
assist with contract and fee negotiation; investment monitoring and legislative
updates. Service is our greatest strength.
Time to Take Action
Your company’s retirement plan is probably the most significant benefit program
that your firm offers to employees. Conducting your fiduciary responsibilities at
the highest level is not only in your best interest but your employees as well.
Let Lockton’s Retirement Services team help you take action now for the sake of
you and your employees.
Securities offered through Lockton Financial Advisors, LLC, a registered broker-dealer, member FINRA and SIPC. Investment Advisory services offered through Lockton Investment Advisors, LLC, a SEC registered investment advisor. For California, Lockton Financial Advisors, LLC, d.b.a Lockton Insurance Services, LLC, license number 0G13569.
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Related Insights & Publications: |
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Best Practices for Investment Committee's in Negotiating for Lower Fund Expenses in 401(K) Plans
Written by Thomas Clark, Jr., Vice President, Lockton Cos. in Washington DC
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