Retirement Planning
Department of Labor ERISA regulations place substantial fiduciary responsibility upon employers and plan sponsors, particularly relating to investment due diligence and employee communication/ education issues. A comprehensive retirement plan strategy (for either defined benefits or defined contribution plans) helps the employer meet these fiduciary responsibilities. The Counsel Trust retirement plan consulting program was developed with these issues in mind.
- Counsel offers a turnkey, open architecture process and approach that offers unparalleled flexibility to employers and plan participants.
- This means that although Counsel recommends specific legal, administrative, and investment services, the employer can choose one or more of its own providers and still participate in the Counsel program. Unlimited investment options are offered—separate account management, any no-load mutual fund, private investment pools, exchanged traded funds (ETFs), lifestyle models, or any combination.
- This approach allows the employer to make one turnkey decision affecting key elements of the plan—legal, administrative, record keeping, and custody, together with the open architecture flexibility of an unlimited variety of investments.
- Unparalleled flexibility, transparency, Internet access, and regular performance measurement information are key attributes of Counsel’s retirement plan program.
- The open architecture program applies to 401(k) plans, profit sharing, money purchase pension, defined benefits pension, ESOP, IRAs, and IRA rollovers. Each client receives expert, ongoing, comprehensive services with a clear purpose and measurable results.