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1. We review your current plan to make sure that your plan is meeting the objectives you have set, that it is cost effective and that it meets DOL regulations. We use independent TPA`s for this process to make sure that your plan is in compliance with the IRS codes and ERISA guidelines.
2. If, after review, the TPA feels that another type of plan would better suit the needs of your company, they will prepare a spreadsheet comparing suggested changes against your current plan.
3. If you make a decision to change your plan we will provide you with proposals from suggested vendors such as AIM Funds, American Funds, Delaware Investments, Fidelity Investments, The Hartford, Manulife, Nationwide, Pioneer Funds and Oppenheimer. We help you select the vendor that best fits your needs.
4. With the help of the vendor, we will provide the required employee education to make sure you are in compliance with ERISA guidelines.
5. We provide an outline for an Investment Policy Statement that can be reviewed by your legal department.
6. We will issue a Due Diligence Report which shows that you acted "prudently" on behalf of your employees when selecting a vendor.
7. We will provide a dedicated voice mail box on an 800# for employees to call for investment advice from a registered representative. This is available during the initial enrollment period.
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