-
Fiduciary Support
We work with you as a co-fiduciary in meeting your obligations to plan participants. For example, we review your present investment policy statement for completeness and appropriateness, or craft one for your acceptance. The statement provides guidelines for the oversight of your plan, including how investment decisions are made, the roles and responsibilities of the parties involved, and the ongoing review process. We meet with your investment committee on a regular basis to address investment and other issues and document the decisions that are made.
- Cost-Effective Choices
Our goal is to provide you with the most cost-effective options for your benefit dollars with full fee transparency. Whether you need our assistance in conducting a search for potential service providers or seek to reduce the fees you pay, we provide you with solutions. In addition, when evaluating investments for your plan, we are focused on providing your participants with the best choices on an after-fee basis.
- Investment Evaluation, Selection, and Monitoring
We evaluate your plan’s current investment line up and assess whether your plan has asset class and style overlaps or gaps, and whether your present investments have performance or other issues of concern. We follow strict quantitative and qualitative criteria in selecting investments to ensure that your plan has a superior and well-balanced offering. Our goal is to provide your plan with investments that generate consistently superior performance relative to their peers. Once selected, we monitor each investment’s attributes to verify their compliance with the investment policy statement.
In addition to the services outlined above, we also provide asset allocation analysis and asset-liability studies for defined benefit plans.
PARTICIPANT SERVICES
From a participant’s perspective, COMPASS Wealth Management, LLC offers two primary services.
- Broad and Flexible Investment Offering
If you desire an unbundled approach, we ensure your plan benefits from an open platform of choice and flexibility. Our unbundled service offering includes thousands of investment options, representing hundreds of investment managers. We can incorporate employer stock, as well as provide participants with a self-directed brokerage option.
- Education of, Advice for, and Communication to Participants
Despite a plan sponsor’s best efforts, too often retirement plans are underutilized by those for whom they are established. We strongly encourage plan sponsors to implement a regular, ongoing education and communication program for all eligible employees. For defined contribution plans, we assist you with an enrollment campaign. We are available to provide educational seminars to employees on a variety of topics from investments to retirement planning to education funding. We even provide investment advice to plan participants on a 1-on-1 basis. You may find this to be an especially attractive benefit for key employees.
|
