company retirement plans

fiduciary responsibilities

Fiduciary responsibilities in retirement plan consulting refer to the legal and ethical obligations that consultants have when advising clients on retirement plans. These responsibilities are governed by various laws and regulations, particularly under the Employee Retirement Income Security Act (ERISA) in the United States.

before Mechfi

3(16) Administrative
fiduciary
Third-party
administrator*
3(21)
co-fiduciary
mechfi
3(38) Investment
Fiduciary
Mechfi

Diversifying
Responsibilities

after Mechfi

Diversifying responsibilities and employing a prudent specialist selection process helps protect plan sponsors and fiduciaries by spreading the risk and ensuring expertise in various aspects of plan management.

retirement plan mechanics
‍

plan
design
investment
monitoring
Plan design is the tailored creation of retirement or benefit plans to meet the unique needs and preferences of individual participants. This involves customizing contribution levels, eligibility criteria, investment options, and distribution rules to suit the diverse circumstances and aspirations of plan members.
Investment monitoring involves Mechfi overseeing investments in the company's retirment, systematically assessing performance to optimize returns and manage risk. This includes tracking metrics, comparing performance against benchmarks, and making informed decisions to align portfolios with participants' goals amidst market change

metrics


ATTRACT AND RETAIN TALENT
IMPROVE PARTICIPANT OUTCOMES
reduce employer's LIABILITY
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