Retirement Plan Management - MV Financial
 

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:

“Concierge” Service and Support

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.

Plan Design Consultation

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.

Investment Selection and Monitoring

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.

Service Provider Selection

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.

Fiduciary Protection

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.

Fee Analysis and Benchmarking

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.

Individual Participant Education and Advice

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.

Health & Welfare Benefits

MV Financial helps businesses develop and manage comprehensive and cost-effective benefit programs. We offer a full range of employee healthcare benefits and other ancillary benefits, including long-term disability and life insurance.

We start by fully understanding your company’s challenges and goals. Then we design a benefits program based on in-depth market analysis and our years of experience. Once your program is in place, we provide ongoing support and guidance. Our services include employee education, regulatory guidance and compliance support, issue and dispute resolution, and insights on industry trends and developments. We also provide ongoing recommendations for cost-savings strategies, communication of benefits and plan changes, and other administrative assistance.

Unlike many employee benefits advisors, we are brokers as well as consultants – giving us the ability to serve as your broker under a traditional product commission structure. We can also work with your current broker on a fee basis. Either way, you benefit from our comprehensive, customized approach.