Retirement Plan Management
The MV Financial Retirement Plan Practice helps organizations provide their employees with a secure future. We help employers and plan sponsors navigate the complex regulations and fiduciary responsibility that govern retirement plans, and design successful solutions for both plan sponsors and employees. And, we provide high-quality investment advice and education that employees want and need.
Our service offering includes:
Many retirement plan sponsors feel they have nowhere to turn for help in dealing with vital elements such as: plan design, fiduciary protection, cost efficiencies, duplicative administration processes, investment selection, plan education, and plan/individual investment support. We take the lead by working with all your service providers to ensure an effective, well-run plan.
We regularly review and implement appropriate plan features to meet your organization’s goals. Our focus includes: plan eligibility, compensation definitions, employer contribution formulas, vesting schedules, use of auto‐enrollment, and auto-contribution increases, and utilizing Roth deferrals.
We provide independent and objective investment advice to plan sponsors that seek a higher fiduciary standard. This means that we have no conflicts of interest and greater alignment with our client’s goals and objectives.
We help you select the right administrator and recordkeeper to ensure that your plan is ERISA compliant and adheres to your plan documents. As a part of their services, these vendors provide toll‐free access, account tracking, and investment reporting for participants.
We provide a full array of fiduciary protection, including full ERISA 3(38) protection, 3(21) co‐fiduciary protection and, through select TPAs, administrative/operational 3(16) protection.
We ensure that you understand all fees and areas of potential cost reduction and benchmark your plan against industry competitors. All fees are transparent and fully disclosed to plan participants.
Through individualized employee education, we help you increase plan participation and ensure that participants are appropriately invested and able to reach their individual retirement plan goals. Few advisors are able and/or willing to offer individual investment advice to plan participants.
