Retirement Plans

  • Retirement Plans

At Wealth Dimensions, we understand the responsibility that comes with establishing and maintaining retirement plans. Today’s retirement landscape has become increasing complex. Our fiduciary and investment consulting services provide employers with the confidence to meet their fiduciary responsibilities and maintain competitive retirement programs.

Under ERISA statutes, plan sponsors and many of the employees involved in decision making with the plan’s operations and investments assume the legal responsibilities of a plan fiduciary. A plan’s fiduciaries will ordinarily include the trustee, investment advisers, all individuals exercising discretion in the administration of the plan, all members of a plan’s administrative or investment committee (if it has such committees), and those who select committee members.

Fiduciaries have important legal obligations and responsibilities and are subject to standards of conduct because they act on behalf of participants in a retirement plan and their beneficiaries. The legal duty to act with the skill and care of a prudent expert is one of a fiduciary’s central responsibilities under ERISA. When a fiduciary lacks the appropriate knowledge, it is important to engage a professional with the expertise to carry out these duties.

Wealth Dimensions works with employers and plan fiduciaries to create a systematic process of review and documentation. We help them mitigate risk and ensure their programs are efficiently priced, meet the needs of all employees and have competitive investment options.

Through our plan benchmarking services, our consultants measure your plan in areas such as:

  • Plan Design and Effectiveness
  • Processes and Procedures
  • Investment Selection
  • Investment Performance Monitoring and Fiduciary Benchmarking
  • Expense Analysis
  • Employee Participation & Education
  • Diversification
  • Asset Allocation Models

After the process is completed, each of these areas is measured and presented in a comprehensive report. This will provide plan fiduciaries with the appropriate information to make crucial decisions based on empirical data, rather than sales materials, assumptions or guesswork. Through our independent services, plan fiduciaries can effectively manage competitive retirement programs while ensuring their compliance with legal responsibilities.

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