Retirement benefits don't just happen

A major K-12 school district had questions about the activities of providers in its multiple-service provider-defined contribution plans. Our conflict of interest audit provided a clearer picture of how commissioned representatives were promoting non-plan products–and pointed the way for contractual changes prohibiting activities that undermined the employer-sponsored plans.

A major K-12 school district sought to better understand the financial cost to participants of rolling over distributions into retail proprietary products offered by plan service providers. Our analysis documented 10-year costs of over $8,500 per participant and provided the insight needed to negotiate provider contracts and move to a single service provider structure.

A public university retirement system was developing an RFP for recordkeeping services and sought to ensure that conflicts of interest did not undermine their plans. We helped them prepare a section of the RFP that identified potential conflicts and alerted bidders to practices that would not be acceptable.

A third-party administrator sought to add value to its services. We developed a stewardship report to provide clients with a clear picture of how providers are performing and of their plan health.