Retainer Service Model

Comprehensive Services

Our Retainer Service Model is a comprehensive model inclusive of all of our services. We begin by signing on as a fiduciary and working with the client to establish or refine their retirement plan committee. This process includes a full fiduciary review of the client’s plan including an analysis of their Investment Policy Statement (IPS), their current investment menu, plan fees, vendor services, plan document and design, plan operation, and participation statistics.  

Once we have a thorough understanding of the plan, we recommend changes that need to be made to reduce fiduciary liability, increase participation, and potentially lower fees.  We also provide fiduciary education for the client's investment committee so that they are aware of  their fiduciary responsibilities and corresponding liability.  All documentation of our services including investment analysis, meeting minutes and employee memos are kept in a Fiduciary File provided by Sachem Advisors.

Continuous Support

On an ongoing basis, we will host either semi-annual or quarterly retirement plan committee meetings. In these meetings we will provide a comprehensive investment review, participation analysis, plan design discussion, and legislative update. Every 2-3 years, or as needed, we provide our retainer clients with a comprehensive vendor and fee analysis and comparison. We also assist our client in answering questions and resolving issues with their service provider(s).

Based on the needs and demographics of each of our clients, our firm also provides group and one-on-one participant meetings. We are licensed to provide your participants with specific savings and investment advice to help them get on track for a financially sound retirement. Our experience tells us that one-on-one meetings are the most effective method of changing participant behavior.