PrimeTRUST Advisors’ “best practices”, rise above current “industry accepted” practices. We feel the status quo is generally inadequate in that participant’s financial results are proving to be insufficient. Additionally, provider pricing and service strategies are confusing to plan sponsors, leaving them vulnerable as fiduciaries.
We benefit plan sponsors by delivering clarity where there is confusion. We serve our clients as their independent advocate through consulting services including, but not limited to:
Fiduciary Governance
- Identify and educate fiduciaries
- Define and allocate responsibilities
- Monitor plan and investment performance
- Track and benchmark plan and investment expenses
Vendor/Service Provider Searches
- Fee negotiation
- Problem resolution
Participant Education and Advice
- Define expectations for “success measures”
- Implement tools to manage and monitor results
Plan Administration Oversight
- Develop calendar of plan events
- Track completion of requirements
Plan Compliance Oversight
- Monitor and review applicable compliance tests
- Monitor required notifications and filings
PrimeTRUST Advisors will…
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Establish your organization’s goals and objectives for the retirement plan
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Determine correct plan type and design structure to accomplish your goals
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Identify “Fiduciary-Safe” best practices and optimal relationship structures
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Facilitate service provider search criteria, selection methods and oversight management
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Create, implement and monitor a customized Investment Policy Statement
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Conduct investment manager search and selection process
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Design and manage participant plan education and enrollment
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Provide total plan oversight
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Document all processes and meetings