Consulting Services

Compass with needle pointing the word retirement, concept image to illustrate retirement planningThe responsibilities of any plan fiduciary are numerous, and the penalties of failing to perform them prudently can be detrimental.

Our brokerage consulting services and additional resources will help keep you on track and fully aware of what is required of a plan fiduciary.

 

Our brokerage consulting services include:

  • Plan Design Consulting.
    Oswald Representative(s) will review Plan demographics, goals and objectives, and current Plan design to assist Client in matching Plan design with Client’s needs.
  • Plan Due Diligence and Benchmarking.
    Oswald Representative(s) will provide periodic reporting evaluating Plan demographics, benchmarking data against relative industry and/or peer groups and Plan goals and objectives.
  • Assistance with Changes in Plan Parameters/Features.
    Oswald Representative(s) will assist Client, at Client’s direction, in making changes to Plan parameters and features with applicable administrator, custodian, or other party. However, Oswald Representative(s) will have no discretion regarding the changes to be made, and any related changes will be executed by the administrator, custodian, or other party (other than Oswald or Oswald Representative(s)) designated by Client.
  • Plan Investment Review Meetings.
    Oswald Representative(s) will conduct periodic investment review meetings with the Client’s Plan Investment Committee to review Plan investments and provide Fiduciary Services detailed above. Including, draft meeting minutes will be provided to Client subsequent to meeting.
  • Investment Performance Reports.
    Oswald Representative(s) will provide periodic reporting evaluating the performance of Plan investment manager(s) or investments, as the case may be, as well as comparing the performance thereof to benchmarks. The information used to generate the reports may be derived from information such as statements provided by Client, investment providers and/or third parties.
  • Assistance with Changes in Investment Options.
    Oswald Representative(s) will assist Client at Client’s direction in making changes to investment options under the Plan. However, Oswald  Representative will have no discretion regarding the changes to be made, and any related trades will be executed by the custodian or other party (other than Oswald or Oswald Representative(s)) designated by Client.
  • Fee Transparency Reporting and Benchmarking.
    Oswald Representative(s) will provide Client periodic fee transparency analysis designed to educate Plan sponsor on fees paid by Plan, and to benchmark those fees against applicable industry and/or peer groups.
  • Service Provider Liaison.
    Oswald Representative(s) shall assist the Plan by acting as a liaison between the Plan and service providers, product sponsors or vendors. In such cases, Oswald Representative shall act only in accordance with instructions from the Client on investment or Plan administration matters and shall not exercise judgment or discretion.
  • Education Services to Plan Committee.
    Oswald Representative(s) will provide training for the members of the Plan Committee with regard to their service on the Committee.
  • Participant Enrollment and Education.
    Oswald Representative(s) will assist Client in enrolling Plan participants in the Plan, including conducting an agreed upon number of enrollment meetings, and conduct investment education seminars for Plan participants. Such enrollment meetings for Plan participants may include generic asset allocation and investment guidance, but shall not include individualized investment advice to participants in regards to their Plan assets. All education shall be in compliance with DOL IB 96-1.
  • Plan Search Support/Vendor Analysis.
    Oswald Representative(s) will assist with the preparation, distribution and evaluation of Request for Proposals, finalist interviews, and conversion analysis. Being completely independent, Oswald is able to provide a comprehensive and unbiased review of all vendors. As part of our process, we look at not only cost, but also, administration and recordkeeping, technology services, investment management and options, employee communications, and compliance and legal documentation services.
  • Plan Transition, Merger, Integration and Termination.
    Oswald Representative(s) will assist Client, at Client’s direction, with Plan transitions, mergers, integrations and terminations from the administrator, custodian, or other party. However, Oswald  Representative(s) will have no discretion regarding the changes to be made, and any related changes will be executed by the administrator, custodian, or other party (other than Oswald or Oswald Representative(s)) designated by Client.