Retirement Plan Consulting

Retirement Plan Consulting--Fiduciaries face special and specific responsibilities for the retirement plans they oversee, whether defined benefit, defined contribution or non-qualified. The Employee Retirement and Income Security Act of 1974 (ERISA) and various Department of Labor interpretive bulletins have laid out the framework by which employers and plan sponsors must operate their plans. In fact, “ERISA holds plan fiduciaries to a high level standard…the responsibilities of fiduciaries have been described as the highest known to the law.”* ORION Investment Advisors are there at your side, not only helping you meet these high fiduciary standards, but also working to help ensure that you are offering a plan which is attractive to your participants. After all, a competitive retirement plan is one of the most important benefits you offer.

Our retirement plan services include assistance with:

  • Fiduciary Audits—examining all elements of your plan against appropriate benchmarks and fiduciary requirements
  • Developing and implementing investment policy statements
  • Objective evaluations of your plan provider—services and fees
  • Building an attractive suite of investment options for plan participants
  • Benchmarking your plan against other comparable organizations
  • Evaluating the costs and performance of investment options in your plan
  • Ongoing monitoring and due diligence of plan investment options
  • Annual due diligence meetings to review fiduciary requirements
  • Planning, preparing and providing educational programs for plan participants

Important to note, you do not need to change service providers to benefit from ORION’s Retirement Plan Solutions.