Institutional Consulting
For plan sponsors of institutional accounts, we review your overall plan and its demographics. Under our Services menu, we provide a detailed overview of how we can help Plan Sponsors manage the fiduciary responsibility of overseeing the retirement program for their employees. We pay close attention to all aspects of costs associated with your firm’s plan and seek to recommend the most reliable solutions currently available in the marketplace. Costs are one of the most important aspects associated with an effective retirement plans and they can erode the very benefits that these plans were intended to provide. Our focus is helping you by making sense of all moving pieces and presenting the most optimal solutions based on your company’s needs.
Covenant Capital Advisors (CCA) provides investment and plan construction and consulting services to the defined contribution marketplace. CCA is also available to work with fi360 to facilitate CEFEX certification projects. We provide trusted solutions and address key fiduciary issues pertaining to investment consulting and plan design advice.
CCA’s 3(21) services may include:
- Setting Goals and Objectives
- Existing plan review
- Plan design consulting
- Vendor search
- Formation of an Investment Policy Statement (IPS)
- Full menu design
- Fee analysis
- 3(21) Investment Consulting
- Investment performance monitoring
- Investment performance reporting
- Fiduciary Training and Compliance
- Investment Committee formation and guidance
- Recommendation of a Qualified Default Investment Alternative (QDIA)
- Support with ERISA 404(c) compliance
- Employee Education/Enrollment Meetings (in association with the record keeper)
Additional services may include assisting with setting up relationships with other required service providers including custodians, record keepers, auditor, attorney, and third-party administrator.