Employer Sponsored Retirement Plans
When it comes to managing your firm’s retirement plan, we oversee all aspects from design to implementation and ongoing management. We are proud to be a member of the Retirement Plan Advisory Group (RPAG), a national alliance of over 400 member firms with $450 billion of assets under advisement representing over 40,000 plan sponsors. RPAG provides its members premier technology, tools, and resources (including exclusive products) that help dedicated retirement plan advisors deliver custom tailored solutions to create successful retirement plan outcomes for plan sponsors and participants alike.
Our service model is designed to deliver a comprehensive suite of services to support the needs of you and your employees. FNL’s Retirement Plan services include:
Plan designs optimized to achieve the goals of both HR and Finance
Management of a sponsor’s fiduciary responsibilities as either an ERISA 3(21) Investment Advisor or an ERISA 3(38) Investment Manager
Robust investment analytics for your plan’s core investments and target date funds
An online fiduciary governance system to document prudent plan governance
Committee education modules and fiduciary governance consulting
Participant engagement (i.e. gap analysis) and education
Vendor selection (RFI/RFP) services
Provider relationship management
Strategic guidance on relevant industry impact issues and legislation
Liability driven investment (LDI) strategies for pension plans
We also have strategic partnerships with several payroll firms to help streamline the plan administration process – resulting in an increased value and convenience for you.
Whether your plan is a 401(k) or a type of defined benefit plan, from implementation to ongoing plan management, we are with you every step of the way. You can depend on FNL to provide extensive guidance and unparalleled service on a year-round basis.
Sample Benchmarking Reports
Note: Illustrative projections only, not meant to be assumed rates of return and that past performance is not an indicator of future performance.
Flexible Fiduciary Support
We are able to act as a 3(21) investment advisor or 3(38) investment manager, providing a fiduciary standard to your retirement plan.
A 3(21) investment advisor:
Provides customized investment recommendations to the plan and can provide general financial planning and asset allocation recommendations to participants to help them achieve their retirement goals
Typically selects plan investments and presents them to the plan committee on a regular basis
Does not assume which investments to include as options for participants – you maintain that control
A 3(38) investment manager:
Has discretion and control over the plan’s assets and management
Can accept the significant responsibility (and liability) of selecting, monitoring, and replacing investments
Assume legal responsibility and liability for individual investments selected, allowing you to better manage and mitigate your fiduciary risk