Your Fiduciary Duty Doesn't End with a Retirement Plan

Jan 20, 2019
Wealth Management

Welcome to Life Designers, the premier business and consumer services consulting & analytical firm dedicated to helping individuals fulfill their fiduciary duty even after hiring a retirement plan advisor. As leading experts in the field, we understand the importance of comprehensive retirement planning and the ongoing responsibility it entails. Our life design consulting and coaching services are designed to assist you every step of the way, ensuring a secure and prosperous future.

The Role of a Retirement Plan Advisor

When you hire a retirement plan advisor, you are entrusting them with the crucial task of managing your retirement assets. Their expertise and guidance are invaluable in helping you make informed investment decisions and securing a comfortable retirement. However, it's essential to recognize that your fiduciary responsibility doesn't end with this hire. As the plan sponsor or trustee, you still have important obligations to fulfill.

Understanding Your Fiduciary Duty

As a responsible plan sponsor or trustee, it's crucial to have a clear understanding of your fiduciary duty. This duty encompasses acting solely in the best interests of the retirement plan participants and beneficiaries, with the aim of providing them with long-term financial security. By adhering to this duty, you can ensure that the retirement plan operates in the best interests of its members.

While your retirement plan advisor can provide guidance and expertise, the ultimate responsibility lies with you to make informed decisions. Your fiduciary duty includes selecting and monitoring investment options, ensuring reasonable plan expenses, and providing participants with the necessary information to make informed choices about their retirement savings.

The Importance of Life Design Consulting and Coaching Services

At Life Designers, we understand that fulfilling your fiduciary duty can be complex and time-consuming. Our team of experienced professionals is here to help you navigate the intricacies of retirement planning, mitigate potential risks, and optimize your retirement plan's performance.

Comprehensive Retirement Plan Review

Our life design consulting and coaching services include a thorough review of your existing retirement plan. We meticulously analyze your plan's investment options, fees, and administrative features to ensure they align with your fiduciary duty and the best interests of your plan participants. Our comprehensive review allows us to identify areas for improvement and implement strategies to enhance the overall performance of your retirement plan.

Investment Monitoring and Due Diligence

We understand the importance of selecting appropriate investment options for your retirement plan. Our team conducts diligent research and ongoing monitoring of investment options to ensure they meet your plan's objectives and risk tolerance. We provide regular updates, offering valuable insights into the performance of the chosen investments and guiding you in making informed decisions to optimize returns.

Participant Education and Engagement

Empowering your retirement plan participants with knowledge and information is a crucial aspect of fulfilling your fiduciary duty. Our life design consulting and coaching services include customized participant education programs that promote financial literacy and help participants make informed decisions regarding their retirement savings. By fostering engagement and empowering your participants, we can collectively enhance long-term financial well-being.

Contact Life Designers for Exceptional Consulting and Coaching Services

Life Designers is committed to providing top-notch life design consulting and coaching services to help you fulfill your fiduciary duty. Our expertise in retirement planning, investment analysis, and participant engagement sets us apart as a leading consulting firm in the industry. Contact us today to discover how we can assist you in optimizing your retirement plan, ensuring the financial security and well-being of your plan participants.

Experience the Life Designers Difference

With a deep understanding of the complexities of retirement planning and a dedication to client success, Life Designers is the partner you can trust. We go above and beyond to deliver exceptional consulting and coaching services that exceed expectations. Don't let your fiduciary duty end with hiring a retirement plan advisor - contact Life Designers today and let us help you achieve a prosperous future for you and your plan participants.