Retirement Plan Services

Fiduciaries face special and specific responsibilities for the retirement plans they oversee, whether defined benefit or defined contribution. The Employee Retirement and Income Security Act of 1974 (ERISA) and various Department of Labor interpretive bulletins have laid out the framework by which employers and plan sponsors must operate their plans. In fact, “ERISA holds plan fiduciaries to a high level standard…the responsibilities of fiduciaries have been described as the highest known to the law.”* The Olcott Consulting Group is there at your side, not only helping you meet these high fiduciary standards, but also working to help ensure that you are offering a plan which is attractive to your participants. After all, a competitive retirement plan is one of the most important benefits you offer.

Our retirement plan services include assistance with:

• Developing and implementing a written investment policy
• Fee and service analysis of your current provider(s)
• Evaluating current investment options
• Building an attractive suite of investment options for plan participants
• Ongoing monitoring of investment options
• Annual due diligence meetings to review fiduciary requirements

Regular, objective monitoring of investment options is a requirement of all plans. Even with the most rigorous initial investment selection process, a portfolio of investments may change over time. OCG monitors for portfolio changes and highlights those investments that start to perform outside of your acceptable performance levels. Finally, it is important to note that our services are applicable to any plan provider. You do not need to change plan providers to take advantage of our consulting services.

*[Donovan v. Bierwirth, 680 F.2d 263, 272 (2d Cit. 1982].