What We Do

Retirement Plan Specialists and 3(38) Fiduciary

The Waterford Group provides 3(38) fiduciary and educational services to all types of employer-sponsored retirement plans, including:

  • 401(k)
  • Profit-Sharing
  • Cash Balance
  • Defined Benefit
  • 457
  • MEPs
  • Deferred Compensation

Investment Analysis

We use our time-tested investment due diligence process to create a diversified investment menu and provide ongoing monitoring and adherence to the Investment Policy Statement.

Waterford serves as a 3(38) fiduciary and utilizes external and proprietary tools to create a best in class investment menu. This proven institutional approach to researching and evaluating investments is reflected in the Investment Policy Statement and utilizes qualitative and quantitative screening, which is an ERISA requirement.

Employee Education

We assist in strategies to help drive participation, encourage appropriate deferral rates and increase understanding and appreciation for the plan.

 Waterford provides a robust suite of educational offerings that includes in-person and virtual education designed to empower and encourage employees. We assist in strategies to help drive participation with appropriate deferral rates while increasing employee’s understanding and appreciation for the plan. Our personalized approach is tailored to each client to address participants’ concerns and improve the probability of positive retirement outcomes. 

Plan Design Consulting

We take an active role in plan design to help you develop a benefits plan that’s right for you, your company and your employees.

Choosing appropriate operational features is critical to the success of your retirement plan. Waterford’s in-depth knowledge on plan documents, administration, audits and testing allows us to customize a plan that maximizes participant retirement income potential while minimizing employer cost.

Fiduciary Plan Governance

We support your plan by providing the tools and training necessary to fulfill your fiduciary responsibilities.

 Waterford outlines plan management responsibilities, uncovers existing gaps in ERISA requirements and documents the completion of required tasks. Our fiduciary education modules outline fiduciary responsibilities and how to implement prudent processes. We provide meeting minutes that outline key discussions, decisions and follow-up items that are stored in a secure internet-based filing system. 

Provider Benchmarking

We help our clients evaluate their current service providers, the tools and technology they offer and compare the costs to same sized peers.

Waterford’s process entails a detailed analysis of your plan’s service requirement and size to pair that with a provider that has the system capabilities, expertise and resources to support your employee demographics. This thorough approach ensures that apples-to-apples comparisons are used to help our clients make informed and impactful decisions.

Plan Administration

We provide guidance on complying with ERISA, DOL and IRS rules and regulations.

Waterford’s experience and relationships with record keepers, third party administrators and payroll companies allows us to assist with questions regarding employee contributions, employer match, profit sharing, fee disclosure notices, accurate tracking of employee eligibility and the best approaches to satisfy non-discrimination and compliance testing.

Strategic Resources

Newsletters

January 2021 Newsletter

January 2021 Newsletter

3(38) Advisory Services- Should Fiduciaries Outsource Retirement Plan Investment Responsibility? Department of Labor (DOL) enforcement recoveries are on the rise. A recent DOL report indicates that DOL recoveries have doubled since 2018 and tripled since 2016...

January 2021 Newsletter

January 2021 Newsletter

3(38) Advisory Services- Should Fiduciaries Outsource Retirement Plan Investment Responsibility? Department of Labor (DOL) enforcement recoveries are on the rise. A recent DOL report indicates that DOL recoveries have doubled since 2018 and tripled since 2016...

Participant's Corner

Retirement Plan Facts

Retirement Plan Facts

This month’s employee memo encourages employees to learn about their retirement plan to determine whether any changes need to be made. Your employer provides you with a retirement plan for you to save money in, tax-deferred, for the day you bid your career farewell...

Retirement Plan Facts

Retirement Plan Facts

This month’s employee memo encourages employees to learn about their retirement plan to determine whether any changes need to be made. Your employer provides you with a retirement plan for you to save money in, tax-deferred, for the day you bid your career farewell...

Articles

2021 Retirement Plan Limits

Taxpayers can deduct contributions to a traditional IRA if they meet certain conditions. If during the year either the taxpayer or his or her spouse was covered by a retirement plan at work, the deduction may be reduced, or phased out, until it is eliminated, depending on filing status and income. (If neither the taxpayer nor his or her spouse is covered by a retirement plan at work, the phase-outs of the deduction do not apply.)

2021 Retirement Plan Limits

Taxpayers can deduct contributions to a traditional IRA if they meet certain conditions. If during the year either the taxpayer or his or her spouse was covered by a retirement plan at work, the deduction may be reduced, or phased out, until it is eliminated, depending on filing status and income. (If neither the taxpayer nor his or her spouse is covered by a retirement plan at work, the phase-outs of the deduction do not apply.)

Explore important resources for your employees, your business and retirement planning.

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