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

July 2020 Newsletter

July 2020 Newsletter

Are Your Participants Experiencing a Fee Imbalance?  Subsequent to the 2012 implementation of ERISA fee reporting regulations (ERISA 408(b)(2) & 404(a)(5)), the Department of Labor (DOL) began to consider the appropriateness of the allocation of plan fees among...

July 2020 Newsletter

July 2020 Newsletter

Are Your Participants Experiencing a Fee Imbalance?  Subsequent to the 2012 implementation of ERISA fee reporting regulations (ERISA 408(b)(2) & 404(a)(5)), the Department of Labor (DOL) began to consider the appropriateness of the allocation of plan fees among...

Participant's Corner

Good Health is the Best Wealth

Good Health is the Best Wealth

This month’s employee memo encourages employees to make small lifestyle changes to reduce their out-of-pocket health costs. The memo shows the difference in savings between an average-managed patient and a well-managed patient. Download the memo from your Fiduciary...

Good Health is the Best Wealth

Good Health is the Best Wealth

This month’s employee memo encourages employees to make small lifestyle changes to reduce their out-of-pocket health costs. The memo shows the difference in savings between an average-managed patient and a well-managed patient. Download the memo from your Fiduciary...

Articles

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

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