Not all employer-sponsored retirement plans are created equally. If you believe your employees could be getting more out of your current plan, let's talk! At Gatewood Wealth Solutions, we specialize in acting as a 3(38) fiduciary for employer-sponsored retirement plans — bringing our same commitment to superior client service to businesses with these plans.
Watch the video below to learn how we are held to the highest standards of fiduciary compliance while helping create and manage your investment strategy.
Disclosure: 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.
As mentioned in the video, fiduciary responsibilities under ERISA include:
Act in the plan participants’ best interests
Ensure reasonable plan expenses
Diligently follow the terms of the plan documents
We're here as your partner to guide you through critical responsibilities related to your retirement plan's investment offerings, including selection, monitoring, management, and benchmarking.
Selection: We carefully assess a range of retirement plan options available in the market to identify one that suits your organization's needs. Our rigorous, proprietary selection process aims to keep your plan aligned with employees' financial goals, while also staying compliant with regulatory requirements.
Monitoring: Our Investment Committee continuously monitors the performance and health of your retirement plan. We keep a close eye on investment options, fund performance, and participant engagement, so we can quickly identify any potential issues and make necessary adjustments to optimize plan outcomes.
Management: We take an active role in managing your retirement plan assets. Our strategies aim to maximize returns while minimizing risks, so your employees' savings can work efficiently towards their retirement goals.
Benchmarking: We regularly benchmark your retirement plan against industry standards to keep it competitive and cost-effective. This, in turn, helps you stay attract and retain top talent by offering a competitive retirement benefit.
For more about our Employer-Sponsored Retirement Plan Services, schedule a meeting using the button below. We welcome the chance to work together!
Disclosures: 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. The target date is the approximate date when investors plan to start withdrawing their money. The principal value of a target fund is not guaranteed at any time, including at the target date. Investing involves risks, including possible loss of principal. No investment strategy assures a profit or protects against loss.