Retirement Plan Services

Our experienced industry veterans provide the highest caliber expertise and diligence. Our clients are confident their fiduciary requirements are being met.

Case Study:

See how SBS helps Saratoga Hospital reduce their plan expenses and stay compliant.

Fiduciary and Investment Services

Co-Fiduciary Services

  • Co-fiduciary responsibility for investment selection and monitoring
  • Fee-transparent environment

Retirement Plan Committee Development

  • Board resolution
  • Summary of committee responsibilities
  • Identify committee members
  • Review plan terms
  • Review investment, vendor, and service components

Initial and Ongoing Investment Services

  • Create customized Investment Policy Statement
  • Establish parameters (tolerances) for fund inclusion/removal
  • Perform quarterly diagnostic review of current investments
  • Quarterly reporting and meetings with the Investment Committee

Plan Design

Forensic Plan Audit

  • Review/establish objectives for plan
  • Review current design structure, documents and IRS filings vis-à-vis objectives
  • Provide alternative design options, if appropriate
  • Review and evaluate current compliance (testing) fulfillment procedures
  • Analyze financial impact of design changes on organizations and employees
  • Review 408(b)(2) disclosures to determine if they are compliant with new regulations
  • Provide updates on recent tax law changes, and evaluate the effect of these changes on the plan

Plan Provider Services and Management

Current Vendor Review and Fee Audit

  • Determine and analyze current vendor plan/participant expense
  • Discuss and review in detail modern product construction concept, i.e., Required Revenue Model (RRM)
  • Solicit proposals from existing vendor(s) to move to this model

Vendor RFP Search/Selection

  • Prepare and submit RFP language for approval, including a mutual fund analysis
  • Identify and facilitate communications with best suited vendors
  • Arrange finalist presentations, negotiate with vendors and make recommendations
  • Manage the implementation/conversion of the plan(s) to new platform

Independent Vendor Oversight and Management

  • Manage transition and communication/education strategies and schedules
  • Review or establish formal Service Agreement of Service Providers
  • Negotiate service guarantees
  • Review communication strategy, e.g. 404(c)

Employee Communication and Education

Employee / Participant Communication and Education Services

  • Identify organizational goals and measures, and establish written action plan
  • Identify proper tools including distribution media, non-traditional options and vendor resources
  • Develop implementation plan including group and individual meetings, and organization resources
  • Ongoing reviews and modifications of written service agreement
  • Determine if participant outcomes are meeting plan objectives

Why Work With Us?

We Advocate for Our Clients

  • You'll be kept up to date on regulatory changes
  • We're independent—you'll get only the right vendors for your needs
  • Customize plans to meet your organizational goals and employee needs

We're Experienced Retirement Advisors

  • More than 40 years of providing retirement services
  • Average 20 years advisory experience across our team
  • More than $3.8 billion in assets—One of the largest retirement advisory firms in the Northeast

We're ERISA Fiduciary Experts

  • Willing to accept co-fiduciary responsibility
  • Experts in regulatory compliance, vendor oversight, and education and communication
Retirement Plan Services Survey

How does your retirement plan compare with others in your field?

See how senior human resource executives deal with plan design, contribution matching, fiduciary oversight, and more.

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2014 IRS limits