Fergerson Financial LLC will provide you with a comprehensive service package that will help you comply with your fiduciary responsibilities as a plan sponsor and help your company achieve their retirement plan's goals and objectives.
Fergerson Financial LLC has the experience to become your company's retirement plan Investment Professional. Key elements to consider when choosing an Investment Professional are:
- Objectivity: Fergerson Financial LLC is fee-only and independent. The only incentive is to look out for the best interests of the plan sponsor and participants.
- Experience: Fergerson Financial LLC has extensive experience in the retirement arena and in depth knowledge of different fee structures and mutual funds. Rick Fergerson, Managing Member of Fergerson Financial LLC, was a senior vice president for Franklin Templeton Investment's retirement services division, a past member of Schwab's Retirement Technology Board, a past member of the SPARK Institute Board and has credentials as a CPA and an Accredited Investment Fiduciary.
- Fiduciary Status: Fergerson Financial LLC will acknowledge and include in your investment advisory agreement that it is a fiduciary with respect to the client under the Employee Retirement Income Security Act (ERISA) of 1974.
As your Company's Investment Professional, Fergerson Financial LLC will implement all the necessary steps to help you stay in compliance with your fiduciary responsibilities as a retirement plan sponsor and periodically review your plan to make sure you have the most prudent plan to meet your business needs. To accomplish your goals and objectives, the following critical services will be provided to you and your employees:
- Provide an Investment Policy Statement or review the existing Investment Policy Statement to ensure all required elements are being met.
- Conduct quarterly or semi-annual group educational meetings to increase participant comprehension of the plan and improve participation.
- Proactively meet with plan sponsor to address any investment, compliance, recordkeeping, employee communication or other retirement plan concerns.
- Conduct one-on-one meetings with terminating employees to discuss distribution options.
- Conduct enrollment meetings based on your plan's open enrollment schedule (monthly, quarterly, semi-annual, or annual).
- Conduct quarterly or semi-annual fiduciary meetings with plan sponsor to review plan to determine compliance with Investment Policy, provide comprehensive investment analysis, and review any necessary Plan Reports.
- Conduct one-on-one sessions with employees.
- Evaluate vendors on an 'as needed basis.