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Implementation
Submitted by drup5t-admin on Fri, 05/08/2009 - 10:43.

Starting a new plan or converting an existing plan requires precise coordination and smooth execution. As your advisor and primary contact, Stark Miller Financial Benefits Group provides advocacy and assistance to you. Our job is to proactively ensure that your needs are communicated to the service provider's representatives and other involved professionals, and that you remain fully informed throughout the implementation process.

Investment Information

Your fiduciary responsibilities include selecting a broad range of investment options for your employees. Investment selection is one of the most important aspects of a plan, and it merits careful consideration and due diligence. As your financial adviser, we will help you:

  • Analyze participants' investment behavior in your current plan
  • Avoid overlapping exposure within investment options
  • Stay aware of any new offerings from your provider
  • Keep abreast of trends and news from the investment industry
  • Avoid common mistakes that plan sponsors often make
  • Provide ongoing information about the plan's investment offerings
  • Help you review your plan's performance
  • Create an investment policy statement for your plan

Documentation of Investment Policy Statement

As a fiduciary, one of your responsibilities is to create an investment policy statement, which provides guidelines concerning certain investment management decisions. Stark Miller Financial Benefits Group will work closely with you to help you prepare this statement.

Coordinate/Conduct Enrollment Meetings

Enrollment meetings provide the opportunity to maximize participation. These meeting are designed to educate and raise awareness among employees about the plan and how they can use it to pursue their retirement saving goals. Stark Miller Financial Benefits Group will focus on this effort by coordinating and conducting the enrollment meetings. The best employee education materials are:

  • Clear and simple
  • Aimed at improving participation, savings rates and asset allocation
  • Designed to inform employees about current market trends
  • Designed to help employees stick to a long-term savings plan and prepare for a comfortable retirement

Development of an Education Policy Statement

A well-constructed education policy statement may help you meet certain 404(c) requirements, while encouraging participants to enroll in and get the most out of their retirement plan. Stark Miller Financial Benefits Group customizes a strategy that:

  • Helps employees understand the benefits of their plan
  • Informs employees of the auto features, if any, included in the plan
  • Seeks to maximize employee participation and increase their contributions, within limits
  • Helps employees develop appropriate asset allocation strategies by providing sample asset allocation models and investment information on asset classes and asset subclasses
  • Offers ongoing education about retirement planning

Securities and Investment Advisory Services offered through Woodbury Financial Services, Inc., Member FINRA, SIPC and Registered Investment Advisor. Stark Miller Financial Benefits Group and Woodbury Financial Services, Inc. are not affiliated entities. Privacy  Disclosures  Terms of Use  Home  Login  Site Map