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