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

August 2022 Newsletter

August 2022 Newsletter

Keeping Retirees in Your Retirement Plan According to T. Rowe Price, some sponsors may anticipate that their relationship with participants — as well as their responsibilities toward them — will naturally wind down at retirement, even though only about one in five...

August 2022 Newsletter

August 2022 Newsletter

Keeping Retirees in Your Retirement Plan According to T. Rowe Price, some sponsors may anticipate that their relationship with participants — as well as their responsibilities toward them — will naturally wind down at retirement, even though only about one in five...

Participant's Corner

BACK TO SCHOOL

BACK TO SCHOOL

Pop Quiz: Have You Done Your Homework On Retirement? 1. In order to maintain living standards in retirement, what percent of annual income do financial professionals thinkpeople should save? A. About 3% B. About 6% C. About 9% D. About 12% E. About 15% 2. If an...

BACK TO SCHOOL

BACK TO SCHOOL

Pop Quiz: Have You Done Your Homework On Retirement? 1. In order to maintain living standards in retirement, what percent of annual income do financial professionals thinkpeople should save? A. About 3% B. About 6% C. About 9% D. About 12% E. About 15% 2. If an...

Articles

2021 Form 8880

Use Form 8880 to figure the amount, if any, of your retirement savings contributions credit (also known as the saver’s credit). You may be able to take this credit if you, or your spouse if filing jointly, made (a) contributions (other than rollover contributions) to...

2021 Form 8880

Use Form 8880 to figure the amount, if any, of your retirement savings contributions credit (also known as the saver’s credit). You may be able to take this credit if you, or your spouse if filing jointly, made (a) contributions (other than rollover contributions) to...

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

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