The Key Services a Retirement Plan Consultant Should Provide

A retirement plan consultant plays an important role in your business, helping you follow fiduciary responsibilities, mitigate risk, and provide an appropriate plan based on cost parameters and employee needs. Businesses rely on consultants to provide objective and knowledgeable guidance, advice, and service.

The extent of services provided by retirement plan consultants can vary significantly; therefore, in searching for an advisor, it is best for you to look for the services most optimal for your plan’s specific needs.

Does Your Retirement Plan Require a Consultant?

In light of the highly volatile market conditions over the past few years, as well as recently added regulatory disclosure requirements, plan sponsors are facing a growing level of fiduciary responsibility and risk. Many plan sponsors seek out the services of a plan consultant to provide them necessary assistance. Because of today’s circumstances, plan sponsors are looking for far more from their consultants than ever before.