Pension Fiduciary Consultants

Fiduciary liability in qualified plans has made the radar screen. It has become center stage for the Department of Labor as well as the financial press. Plan participants are becoming more and more aware of the legal obligations an employer has when sponsoring a qualified retirement plan such as a 401(k). We help plan sponsors manage to a defined fiduciary standard of care. We follow the disciplines prescribed by both the Center for Fiduciary Studies and the AICPA in order to mitigate their personal exposure to ERISA liability. By being part of a small group of highly qualified practitioners who have earned the Accredited Investment Fiduciary designation, we are uniquely qualified in this capacity.

Baystate Fiduciary Advisors

Market volatility makes it critical for retirement plan sponsors to develop and maintain investment due diligence procedures and supporting documentation.

Baystate Fiduciary Advisors, our registered investment advisory firm, provides expert human capital in conjunction with 401(k) Advisors USA (one of the country’s largest 401(k) consulting groups). We proactively address the primary needs of both plans sponsors and their employees:

  • Reducing fees/expenses
  • Increasing participation
  • Increasing deferral rates
  • Increasing education and guidance
  • Mitigating exposure to fiduciary liability

Our services are offered on a transparent, fixed dollar fee-for-service arrangement. This contrasts with current industry standard commissions or fixed percentage commissions charged against the increasing plan assets.

Services to your company’s plan will include:

  • Initial provider and fiduciary assessment
  • Quarterly worksite enrollment/education
  • Quarterly fiduciary due diligence meetings
  • Quarterly investment monitoring/selection
  • Annual 404(a) fiduciary review
  • Annual 404(c) review
  • Annual provider search and analysis
  • Investment Policy Statement
  • Investment committee support
  • Service guarantee

We’re committed to helping retirement plan sponsors in all facets of their fiduciary duties while assisting plan participants in meeting their retirement income objectives. That has always been our sole focus. And always will be.

Visit Baystate Fiduciary Advisors for more information about our retirement planning options.