Retirement Plan Solutions
At LNL Retirement, Advisors offer retirement plan services to plan sponsors and participants. Whether it is new or existing, a retirement plan can benefit you and your employees in numerous ways. For instance:
- Help reduce your business taxes
- Recruit, reward and retain valuable employees
- Build a personal retirement savings
There are a variety of plans available to fit the needs of your business and employees. We have the knowledge and experience to analyze your company's retirement plan and guide you through the sometimes complicated process to offer the best possible investment options and employee education toward managing your fiduciary responsibilities.
- Retirement Plan Design Consultation
- Management of Investment portfolios
- Assist with the development of diversified investment options
- Employee education programs
- Participant enrollment and support
- Collaborate with Plan Administrators
We provide trustworthy and objective advice focused on your plan’s priorities and goals. Let our seasoned advisors help you make these important decisions that will have a lasting impact on your employees’ retirement years, and your ability to meet your fiduciary responsibilities.
What we do...
Investment Due Diligence
- Evaluation of available funds offered by plan provider
- Ranking of all available funds in each asset class evaluated
- Reports with on-site meetings to discuss, analyze and plan actions to add, delete, or close specific investments
- Quantitative and qualitative criteria reports
- Reports and analysis designed by a CFA level investment professional
- Software reports from industry-standard investment advisory software
- Investment market summary
Employee Education & Communication
- On-site enrollment and investment education meetings
- Sample memos, correspondence, and other employee communication materials
- One-on-one education meetings as needed
Fiduciary Support
- Plan design analysis and consulting
- Employer matching cost analysis
- Sample wording for investment policy statements (IPS)
- IPS integration with investment due diligence process
- Fiduciary plan review & education
- 404(c) documentation & consulting services
- Compliance assistance and documentation
- Access to ERISA compliance specialists
Provider Due Diligence
- Requests for proposals (RFP) from providers
- Analysis of record-keeping, administration, technology services, plan compliance, employee communication, and investment management services offered by providers
- Total cost analysis of hard and soft dollar administrative, investment management, asset and other fees charged by providers
- Mapping strategy and investment comparison
- Written report of provider analysist
Plan Design Consulting
- Employee participation
- Refund of excess contributions
- Loan provisions
- Safe Harbor plan
Plan Conversion process
- Coordination of consultants to facilitate a successful plan conversion
- Sample letters and correspondence related to the plan conversion
- Monitoring of action items identified in the conversion process
“Beware of little expenses; a small leak will sink a great ship.”
