Retirement Plans

retirement

Retirement Plan Consulting – Fiduciary “Best Practices”

Power Kunkle Benefits Consulting is partnered with Northeast Financial Group, Inc.¹ (NEFG) to offer retirement plan consulting.  NEFG, an independent Registered Investment Advisory firm, has been providing fiduciary based guidance to their clients for over 25 years. Specializing in providing retirement plan consulting to businesses and organizations, they utilize an open architecture platform, coupled with full transparency and personalized service.

As Registered Investment Advisors with the SEC, NEFG is bound by a fiduciary duty to act in their client’s best interest. Building a special relationship of trust they commit to:

  • Never mislead clients.
  • Ensure advice is based on a thorough and accurate analysis.
  • Provide full disclosure of all relevant information and fees.

Retirement Plan Consulting

Northeast Financial Group’s focus, whether acting as an ERISA 3(21) Co-Fiduciary or a 3(38) Discretionary Fiduciary, is to provide fiduciary “best practices” to plan sponsors in the retirement plan marketplace. The following is a framework of the comprehensive services they provide to plan sponsors, in support of their fiduciary responsibility to participants.

404(a) Fiduciary Duties

  • Create an Investment Policy Statement
  • Implement Quantitative & Qualitative Fund Analysis
  • Prudently Select Investments
  • Independently Monitor Investments
  • Defray Reasonable Fees
  • Follow Plan Document

404(c) Protection for Participant Investment Decisions

  • Broad Range of Investment Options
  • Sufficient Investment Information & Education
  • Description of Fees & Expenses
  • 404(c) Policy Statement & Employee Notice
  • Copy of Prospectus

 

Contact us today for an initial discussion of your retirement plan options.

 

¹Investment Advisory Services offered through Northeast Financial Group, Inc., which is independently owned and operated. Securities offered through Leigh Baldwin & Co., LLC Member: FINRA, SIPC

Accounts carried by: National Financial Services, LLC Member: NYSE