what we do retirement plan consulting

BEA Retirement Plan Consulting Service provides analysis of the business owner’s existing plan to determine that the plan meets the needs and objectives of the employer as well as meeting all regulatory compliance. Our goal is to determine if the plan, and the business owner’s personal liability, can withstand the highest level of regulatory scrutiny. Download our 401K Fiduciary White Paper.

retirement plan consulting SERVICES:

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• [1] Plan Investment Offerings
Our process reviews the existing investment offerings to analyze how they compare to the plans stated Investment Policy Statement (IPS). To review the IPS to determine if the investments of the plan currently reflect the existing selection criteria, monitoring process, identify the responsibilities of the Investment Committee and that the Investment Committee recognizes their role in the due diligence process. To determine eligible securities for inclusion in the plan, asset allocation, rebalancing criteria, liquidity and risk/return weightings.


• [2] Plan Fees and Expenses
Analyze all fees and expenses to determine that each are “reasonable” for plans of similar size and features. Review for appropriate disclosure requirements, that all fees are in writing and disclosed to participants. To determine that no fees are paid to “parties of interest”. To identify if there is a clear definition of fees and expenses that are charged to the plan and those paid directly by the employer, and that all plan fees are defendable.


• [3] Plan Design Issues
Review of the plan document and operational issues to ensure the plan continues to meet all regulatory requirements and also continues to meet the needs of the business owner. Review the plan provisions available within the document to determine if changes to the selected provisions would enhance the ongoing operations and outcome of the plan.


• [4] Ancillary Services
Review the operational and administrative provisions and processes to determine maximum effectiveness for plan resources. Closely tied to plan design issues to coordinate intent and result. Are the plan provisions addressed in a clear operational process, are these processes consistently applied to all participants.


• [5] Employee Education
Each plan sponsor has unique needs and anticipated outcomes when establishing the plan for their employees/participants. One role of the employer/plan sponsor is to ensure each participant is provided with sufficient education regarding the rules or provisions of the plan to ensure optimum participation and optimum goal attainment – to facilitate the accumulation of sufficient retirement income. Our goal is to assist the employer provide the appropriate program and ensure each employee has the information they need to made “educated” decisions on the rate of contribution, investment strategy and individual risk tolerance appropriate for a diverse employment demographic.

Download the Retirement Plan Consulting Brochure