Group/Plan Sponsors

Teagle Financial partners with several Third-party administrators, plan custodians, CPA’s as well as 3(21) or 3(39) service providers. We help assist plan fiduciaries and plan sponsors in the design and implementation of their employer sponsored retirement plan (Simple IRA, 401(k), 403(b), etc.) in accordance with ERISA standards. As fully independent brokers, we have dozens of options available, hundreds of investment choices and the freedom to design a plan best suited to meet your organizations’ goals and budget.

Ask us about our FREE BENCHMARKING REPORT to document the fulfillment of your fiduciary duty and compliance with complicated ERISA standards to keep yourself out of trouble!

Call or e-mail us anytime if we can be of service to you and your plan!

Role of a Retirement Plan Advisor

PLAN FIDUCIARIES MUST ACT AS PRUDENT EXPERTS UNDER ERISA, AND ARE THEREFORE HELD TO A HIGH STANDARD OF CARE WITH RESPECT TO PLAN-RELATED DECISIONS REGARDING INVESTMENTS, SERVICE PROVIDERS, PLAN ADMINISTRATION AND GENERAL ERISA COMPLIANCE ISSUES.

Most prudent plan sponsors hire a plan advisor to help them adhere to ERISA’s rigorous standards and to meet their objective of offering a best practices retirement plan to their employees. ERISA rules are clear — every decision you make as a fiduciary must be in the best interests of plan participants and their beneficiaries, and certain relationships may result in prohibited transactions.

Attributes of a Good Advisor	Why You Should Hire One
Independence	Ability to help evaluate funds and providers objectively and without conflict of interest
Familiarity with ERISA	Ability to keep the committee updated on litigation, legislation and regulations impacting plans and fiduciaries
Prudent Expert	ERISA section 404(a) requires fiduciaries to act with the skill, knowledge and expertise of a prudent expert
Expertise with Plan Design	Ability to help plans maintain qualified status while continuing to meet the goals and objectives of our organization
Knowledge of the Provider Marketplace	Ability to ensure that our plan is being administered in the most efficient manner and for a reasonable price
Qualified Plan Investment Expertise	Ability to evaluate, select and monitor fund performance
Documentation Skills	Ability to demonstrate procedural prudence in a well-documented manner
Communication Skills	Ability to educate employees regarding plan highlights and how to create an appropriate investment strategy
Acceptance of Role as a Co-Fiduciary	Willingness to acknowledge in writing that they’re a co-fiduciary to our plan with respect to the investment advice being delivered
Full and Open Disclosure	Fully and openly discloses all sources of fees being received on a direct and/or indirect basis