We Assist You in Staying Focused
on Your Fiduciary Obligations
With the current regulatory environment, fiduciary responsibility has become more critical. To help you manage your fiduciary obligations, we are available to assist in all aspects of the process; from plan design to education.
We will provide you with an unbiased assessment of your existing fiduciary structure, identifying key areas where risk can emerge and then offer a roadmap for how your plan’s fiduciaries can better protect themselves.
Does your current advisor serve as a 3(21) or a 3(38) fiduciary?
Is your investment analyst independent from your providers?
Do you have a current fee service agreement from your advisor?
What percentage of your plan participants are on track to financially retire?
Fiduciary Fitness — How fit is your plan?
Meeting your fiduciary responsibilities can be a complex process. We help control risk by developing a formal investment policy statement and establishing clear criteria for selecting and monitoring investment managers.
Vendor Benchmarking Due Diligence Analysis
We’ll guide you in walking through the RFP process, analyze and review proposals, and guide you in making an informed and knowledgeable decision.
Plan Design Review
Is your plan design meeting your objectives? We provide you with a comprehensive evaluation of your company’s retirement plan objectives and concerns and an analysis of other plan solutions.
Participant Education and Communication
We provide your plan participants with the hands-on educational information and tools they need to make the right decisions for their future.
Independent Investment Analysis
We provide a comprehensive system to monitor and evaluate fund managers and investment strategies.
We provide hands-on solutions and support to actively manage your plan and engage your employees with their retirement planning. Our fiduciary due diligence process helps ensure you are meeting all of your fiduciary obligations and performing to your goals.
Establishing an employee benefits program that meets the needs of both the employer as well as the employees’ is a challenge. Our goal at Broad Street Financial LLC is the ensure your employees’ are educated and empowered to take the steps necessary to adequately prepare for their own retirement. We believe that an ongoing education program for your employees is critical to providing a successful retirement outcome for each employee; recognizing that everyone has unique circumstances and goals.
Employees need broader financial help;
did you know:
4% of Americans have saved enough for retirement. 1
36% of Americans have Social Security as their only source of retirement income. 2
Only 38% of working Americans have 3+ months of emergency savings. 4
52% of working Americans overspend or breaks even each month 5
25% have missed work to handle a financial matter 6
1-2[Source: 2016-Statistic Brain Research Institute]
4-6[Source: Fidelity Plan for Life 2017 Employee Engagement Program]
As an employer are you providing:
A formalized education plan?
One on one retirement plan analysis for your employees?
Group educational workshops relevant to your employees’ financial fitness?
Access to a Financial Advisor or a Retirement Income Planning Specialist?
Our employee financial wellness services begin with understanding the goals of the plan sponsor to determine the most effective delivery method for educating the employees. Our advisors are experienced in communicating the many components of a retirement plan and its benefits. We can create a customized plan for each participant and be a long-term resource to them on their journey to retirement.