The Fiduciary Solution™
Does your fiduciary file demonstrate a procedurally prudent process? Ours does.
True fiduciary risk management comes from operating your plan correctly. At Hickok & Boardman Retirement Solutions (HBRS), our professional advisors assist employers with establishing and documenting practices that support their fiduciary obligations. As an Independent Registered Investment Advisor (RIA), we join you as a fiduciary on your plan for the investment advice we provide.
As a Fiduciary, we guide you through a well documented fiduciary governance process to oversee your retirement plan. This process includes reviewing all aspects of your plan such as:
- investment policy statement
- investment selection and monitoring
- employee communication and education
- legislative updates
- plan fee analysis and benchmarking
- understanding your requirements under IRS code section 404(c)
Fiduciary guidance and support for corporate retirement plans…that’s our business.
Services and Features
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| Co-Fiduciary |
We sign on as a plan fiduciary for the Investment advice we provide. |
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| Retirement Plan Committee Meetings |
We coordinate documented meetings of the Retirement Plan Committee to report on these monitoring functions as well as review plan operations, administration, design, and regulations. |
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Due Diligence
File |
We help you create a file for documenting investment fiduciary records such as the Investment Policy Statement, 404(c) Disclosure, investment monitoring, fiduciary practices, and committee resolutions. |
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| Fiduciary Assistance |
We measure investment results by criteria established in your Investment Policy Statement and assist you in following procedures for placing underperforming investments on probation, or replacing them with investments that meet the preset specific standards. |
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| Administrative Efficiencies |
We recommend fiduciary best practices through formal and well documented retirement plan committee meetings.
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| Plan Design |
We collaborate with your Third Party Administrator (TPA) to ensure your plan design meets your corporate objectives and employee needs while minimizing the cost to the company. |
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Fee
Management |
Our process includes documenting fees, benchmarking, and negotiating with vendors to help ensure your plan remains competitive. |
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