Conflict of Interest Audit (COI)
The RetireAware Conflict of Interest (COI) Audit provides an independent outside review focused on identifying and ameliorating conflict of interest service structures in employer-sponsored retirement plans.
Annual Provider Monitor
RetireAware’s annual provider monitor gives plan sponsors and fiduciaries the ability to monitor and enforce provider adherence to representations about the provider plan participant service model and includes analysis of plan distributions.
Government Plan Stewardship Program
RetireAware’s Government Employer Retirement Plan Stewardship Program provides plan sponsors in public K-12, higher education and other government markets the tools to govern their defined contribution retirement plans efficiently and effectively. The Program focuses on four key elements of plan stewardship:
Plan Management Structures
- Ensure that proper documentation is in place to establish plan and define key policies for plan management.
Plan Health
- Monitor key plan metrics to support employer decision-making.
Identify and Document Provider Responsibilities
- Ensure that provider responsibilities (and employer’s “rules of the road”) are documented and communicated to providers.
Participant Support
- Support creation of environment that provides participants with meaningful information about plan options.
Impact Analysis
RetireAware can provide a customized plan impact analysis of the total cost of conflicted service structures, enabling plan sponsors and fiduciaries an in-depth understanding of how direct and indirect compensation models impact the plan and participants.
Educational Services
Education services, reviews, seminars, workshops, tutoring, and mentoring related to retirement planning and retirement plans.
Consulting and Special Projects
RetireAware’s consulting resources can support a variety of vendor-management and plan governance initiatives.