Retirement Plans: Process

Herbruck Alder pursues a three-phase process to identify plan sponsor needs, employee needs and sound retirement plan solutions.

Discovery

Identify participant needs through management input, key participant input, participant surveys and participant focus groups
Determine plan sponsor needs by reviewing decision making processes and interviewing decision makers
Review administrative practices
Review plan provisions
Review contract:

Contract type
Share class
Total plan expenses
Revenue sharing arrangements
Investment flexibility

Plan Recommendations

Conduct market study
- Request for Proposal (RFP)
- Benchmark product competitiveness
- Benchmark plan competitiveness
- Benchmark investment menu
- Help current record keeper improve product and systems
Make recommendations for improvement
- Services to participants
- Administrative procedures
- Investment menu
- Plan features
- Service providers
Support plan implementation
- Communication of process to participants
- Communication of conclusions to participants
- Manage timing of market value adjustments and contingent deferred sales charges
- Coordinate implementation of changes with funds, carriers and other entities

Service Plan

Monitor investment options, plan competitiveness and participant needs continuously
Provide documentation of thoroughness
- Investment Policy Statement
- Initial Fund Selection Document
- Periodic Review Document
- Annual Plan Review
- File notes
Communicate plan and investments to participants through enrollment meetings and investment workshops
Deliver pertinent and timely information on changes in investment markets, legislation and technology

Securities offered through ValMark Securities, Inc. Member FINRA, SIPC. Investment Advisory Services offered through ValMark Advisers, Inc. an SEC Registered Investment Advisor. Herbruck Alder is a separate entity from ValMark Securities, Inc. and ValMark Advisers, Inc. | www.FINRA.org