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Our Services
From Education & Communication to Fee Benchmarking and Investment Analysis, Leading Edge Retirement Plan Advisors has you covered.
Process
At Leading Edge Retirement Plan Advisors, We take a thorough and customized approach to helping you work toward your retirement benefit objectives.
About Retirement Plan Advisory Group
Leading Edge Retirement Plan Advisors, LLC, a HUB International company, is a member of Retirement Plan Advisory Group (RPAG), a national alliance of accomplished advisors whose ingenuity produce enhanced value for plan sponsors and participants in qualified and non-qualified retirement plans. RPAG’s comprehensive technology platform provides full-view metrics, compliance assistance and clarity in communication. Today, RPAG is represented by over 700 member firms in 50 states, serving 65,000 sponsors with $700 billion in collective assets under advisement.
As a member of RPAG, Leading Edge Retirement Plan Advisors LLC, a HUB International company, has access to a CFA-led research team and comprehensive Investment Due Diligence and Analysis resources to help increase opportunities for employees and address fiduciary liability concerns for plan sponsors.
Selecting 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 consultant (advisor) to assist them in adhering to ERISA’s rigorous standards, and to assist them in meeting their objective of offering a best practice 401(k) plan to their employees. A quality retirement plan advisor will display the following atributes:
Independence
Independent advisors have the ability to help evaluate funds and providers with an open mind.
Familiarity with ERISA
An advisor who is familiar with ERISA has the 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.
Full and Open Disclosure
All plan advisors should fully and openly disclose all sources of fees being received on a direct and/or indirect basis.
Acceptance as Role of Co-Fiduciary
A quality advisor should have the willingness to acknowledge in writing that they are a co-fiduciary to your plan with respect to the investment advice being delivered. Common co-fiduciary advisory relationships include both 3(21) co-fiduciary investment advisors and the 3(38) Designated investment Manager (DIM).