Institutional Retirement Plans
Our goal is to make you look good.
Institutional retirement plans can be nuanced and complicated.
Attracting and retaining talent without a retirement plan is near impossible.
Administering an effective and compliant retirement plans can quickly drain your two most important commodities, time and money.
As the sponsor of a corporate retirement plan, you could unknowingly place legal liability upon yourself or your company. If you are like most companies, you probably never intended to take on that additional legal fiduciary role.
Divergent Wealth can alleviate those pain points by acting as your company's CRO (Chief Retirement Officer), so you can focus your time and money on what made you successful in the first place.
Clients can engage us in several different capacities ranging from a retirement plan consultant to acting as a fiduciary or co-fiduciary with investment oversight.
What sets us apart: We transparently and routinely benchmark the hard and soft-dollar costs in your plan, including expenses from fund managers, third-party administrators, record-keepers, advisers, etc. to make sure you are getting the fairest pricing and the best service offering available.
3 simple steps to a better retirement plan
Identify Goals and Objectives
We first meet with your plan trustees and key employees to identify your company’s goals and objectives. We help prioritize your goals, including partner savings, employee benefits, legal compliance, and firm tax efficiency.
Analyze/Evaluate Current Plan and Solutions
We help determine the ideal retirement plan design and investment platform options. We consult with your third-party administrator to help ensure the plan design and platform solutions work seamless together. We gather multiple proposals and analyze them to find the best fit for your company.
We review the plan design and investment platform options with you to help you determine the solution that best aligns with your firm’s goals and objectives
Establish Fiduciary Audit File
We work with you to help ensure your firm meets all its fiduciary responsibilities and is compliant now and in the future. The fiduciary audit file consists of an Investment Policy Statement, 404© compliance folder, vendor contracts, procedures and minutes, and government reporting.
Conduct Enrollment and Educational Meetings
Our team conducts enrollment and education meetings directly with you and your employees. These meetings help increase plan participation and maximize the value of the plan benefits for both trustee and plan participants.
Report, Monitor, and Educate
We conduct yearly review meetings with your plan trustee(s) as well as plan participants. At these meetings, we educate all parties about new laws, investment options, and market conditions. These annual reviews allow us to continue to improve the plan and reconfirm that it is the best solution for your firm.
Ongoing support and services
We believe a successful retirement program depends on solid investments, comprehensive record-keeping and administration, and hands-on investment consultation. We provide general retirement plan consulting services, retirement plan administration services, as well as financial planning for highly compensated employees.