FOR CORPORATE RETIREMENT PLANS

FOR CORPORATE RETIREMENT

PLANS

FOR CORPORATE RETIREMENT PLANS

Toroso focuses on retirement plan consulting, investment advice, provider searches and communication/education. We continually review plan design, administration and investments and suggest changes/improvements based on funding, tax law changes, benefit design trends, investment performance and benefit administration enhancements.

OUR SERVICES ARE:

Comprehensive: From Fiduciary Oversight to Conversion
Objective and Independent: Provided on a fixed fee-only basis
Aligned Goals: We serve as an ERISA Plan Fiduciary

TOROSO ACKNOWLEDGES IT IS:

  • a Plan “fiduciary” [ERISA §3(21)], [ERISA §3(38)]
  • an investment adviser registered with the SEC
  • covered by fiduciary liability policy (E&O)

OUR ONLY COMPENSATION IS FROM FEES PAID BY OUR CLIENTS:

  • We do not accept soft dollar compensation. We do not hold manager conferences
  • We have no affiliations with financial service firms (i.e., bank, insurance, brokerage, trust, custody, administration, etc.)
  • We have no representatives registered with broker-dealers

PLAN DESIGN & COMPLIANCE

Toroso’s advisors have extensive backgrounds – over 75 years of combined experience – in benefits and compensation consulting (we are former employees of Morgan Stanley, Rothschild, Buck, and Fidelity, among others).

With years of experience in retirement plan design, we understand the competing priorities of providing employer-funded retirement benefits and protecting shareholder value. We are not only well versed in plan design (match, non-elective, integrated, cross-tested, Top-hat and SERP), but also in plan administration (eligibility, enrollment, grandfathering impact, loan and withdrawal features, distribution options, etc.) and investment structure (number and type of investments).

For years, we have been staunch advocates for automatic enrollment, automatic increase and defaulting participants into equity-based investment portfolios. Many of our clients have benefited from auto-enrollment features for more than 10 years.

Our comprehensive review and follow-up analysis for 401(k) and non-qualified plans includes the following:

  • Plan Design: rewards philosophy, retirement sufficiency analysis, assessment of employer costs, expected employee behaviors, benchmark to industry peers
  • Plan Benefits: match (tiered or not), non-elective, combination, integrated, cross-tested, etc.
  • Plan Features: eligibility, eligible pay, automatic enrollment and increase, pre-tax & Roth 401(k) contributions, distribution options, loans, and withdrawals
  • Plan Administration: recordkeeper competency, services, service agreement and fees, confirm if any tasks should be in-sourced, out-sourced, or co-sourced
  • Compliance: Document review, Summary Plan Description (SPD) development, error-evaluation and correction (self-correction, VCP)
  • Investment Structure: compare current lineup to best practices
  • Investment Manager Review and Selection
  • Total Plan Expense Analysis: employer-paid vs. employee-paid; benchmark to peer group
  • Communication and Education: effectiveness of current approach/media
  • Benchmark Findings: Third Party studies relative to appropriate peer group and industry best practices