Group Pension Plans

Whether you are starting a plan or evaluating your current plan, our specialists have the knowledge and practical experience to achieve your human resources requirements.

  • Innovative Plan Design

    • Create a cost-effective program with meaningful investment strategies and a user-friendly member interface
    • Utilizing our detailed RFP process, we analyze and compare Pension Managers and make recommendations to optimize your Group Retirement Plan
  • Qualitative Assessment

    • Administration: responsibilities, contributions, reporting
    • Investment Options: investments, selection, rebalancing
    • Communications: connectivity, advisor services, guidance
    • Governance: investment review process, activity reporting, CAP compliance
    • Fees and Asset Transfers: membership and/or investment fees, other costs
  • Quantitative Evaluation

    • Returns: comparable funds for 1, 3, 5 and 10 years
    • Costs: management fees across different investment styles
    • Management Expense Ratio (MER): lower fees and their benefit to plan members
    • Payroll Tax Advantages: full disclosure of the effects of employer and employee contributions
  • Compliance

    • Identify and recommend service providers to administer and manage processes and activities in concert with plan sponsors to ensure compliance with regulatory guidelines
    • Work with the plan sponsor’s Retirement Committee to monitor and adjust their plans to maintain compliance requirements year to year
    • Emphasize benefits of an active Retirement Committee that is engaged in the governance of your program
    • Act as liaison between provider and plan sponsor to ensure that responsibilities of each are defined, coordinated, and efficient
  • The usefulideas® advantage

    • Negotiate discounted fees (membership, transaction, and consulting) for your Group Retirement Plan
    • Minimize or eliminate ongoing actuarial costs
    • Identify opportunities to reduce expenses without sacrificing quality or level of service
    • Analyze transaction fees to uncover redundancies or duplication of service